Recap Ninja took off as expected. All the way pushing near 1.06 target too until stopped by Y+5. Closed the week above Y+3 and near midpoint.
Outlook 200% range expansion with 2nd push likely stop run. It will take some time for ninja to absorb this up run before it will decide if it needs a pullback on weekly or not. Consolidation this week likely around B-0.
Lawrence's Comment
Recap
Consolidation expected and euro stayed that way until ECB's surprise rate cut. Since then it was one big flush until 200% expansion level is reached. Closed the week near ...
Lawrence's Comment
Recap
Y-0 did not act as resistance giving way to a test of Y+1. 100% absolute range expansion completed right before FOMC announcement. Strong reaction after and sent ES back ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
Stopped right at the resistance zone mentioned last week. Sold off to Y-0 with very strong reaction to the price level, implying that Y-0 is strong support ...
USDJPY Sep 08 to Sep 12 Outlook
Lawrence’s Comment
Ninja took off as expected. All the way pushing near 1.06 target too until stopped by Y+5. Closed the week above Y+3 and near midpoint.
Outlook
200% range expansion with 2nd push likely stop run. It will take some time for ninja to absorb this up run before it will decide if it needs a pullback on weekly or not. Consolidation this week likely around B-0.
Share