Recap Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook 124 is long term upside target on weekly. From here it will be more difficult to move higher until ninja spend sometime to absorb the move. Y+2 / B-0 strong support until proven otherwise.
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
Not even tagging 1.05 and stalled right off previous week high. Dropped down to Y-1 and bounced back to Y-0. Closed the week below midpoint.
Outlook
Pullback as expected. ...
Lawrence's Comment
Recap
Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Sold back down to Y-0 first as expected. Further weaknesses took it down to Y-1. But gap was not filled and a bounce from the gap top killed ...
USDJPY Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook
124 is long term upside target on weekly. From here it will be more difficult to move higher until ninja spend sometime to absorb the move. Y+2 / B-0 strong support until proven otherwise.
Share