Recap Spike low against Y-1 as mentioned last week points to a retest of Y+1. Got the retest and stronger reaction this time sent ninja back down to below Y-0. Closed the week below Y-0 and midpoint.
Outlook 2nd rejection of Y+1 from an outside week points to further weaknesses. as long as Y-0 é B-0 acting as resistance, we get B-1 and below. It may not be a very strong selloff, just pressing ninja back down to test the crime scene near Y-2 that started the short squeeze 2 weeks ago.
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
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
Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high.
Outlook
Wide ...
Lawrence's Comment
Recap
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 ...
USDJPY Nov 23 to Nov 27 Outlook
Lawrence’s Comment
Spike low against Y-1 as mentioned last week points to a retest of Y+1. Got the retest and stronger reaction this time sent ninja back down to below Y-0. Closed the week below Y-0 and midpoint.
Outlook
2nd rejection of Y+1 from an outside week points to further weaknesses. as long as Y-0 é B-0 acting as resistance, we get B-1 and below. It may not be a very strong selloff, just pressing ninja back down to test the crime scene near Y-2 that started the short squeeze 2 weeks ago.
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