Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
Lawrence's Comment
Recap
Start of the week held up well around the close. Y+1 upside break out gave us the Y+2 target. Y+2 tagged and a pullback started. Dow gapped lower to ...
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 Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook
Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
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