Recap Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook Consolidation without breaking Y-0 is sign of strength. As long as Y-0 / B-1 holds, ninja can push higher to clear B+1 / Y+1 with B+2 target.
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
Bullish target above Y+1 tagged in the beginning of the week as expected. Then the surprise part was a quick run down breaking Y-1 in one go. That ...
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 Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Consolidation without breaking Y-0 is sign of strength. As long as Y-0 / B-1 holds, ninja can push higher to clear B+1 / Y+1 with B+2 target.
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