Recap Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook Weekly pullback structure intact. Another range bounded week in play.
Lawrence's Comment
Recap
As expected Ninja popped slightly higher and stalled. Consolidation with 50% range. Closed the week above Y-0 and belo w midpoint.
Outlook
It takes time to absorb the rally. ...
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
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
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. ...
Lawrence's Comment
Recap
As oppose to make a move like Loonie, Aussie, or even Cable. Euro snapped out of its 3 pushes down channel but traded within the range of the ...
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
USDJPY Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook
Weekly pullback structure intact. Another range bounded week in play.
Share