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
Y-1 acted as support. Bounced back up to Y-0 and found resistance. Dropped to equal distance below previous week close. Closed the week near Y-1 and below midpoint.
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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
USDJPY May 25 to May 29 Outlook
Lawrence’s Comment
4 Hour down channel break. Weekly bull flag breakout. Tagged and cleared weekly resistance. Closed the week above Y+2 and near week high.
Outlook
The breakout momentum points to more upside. Consolidation around B+1 potential if ninja fails to clear Y+3 early in the week.
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