Recap Sideway actions expected yet news shock forced ninja to breakout to the downside. Cleared Y-1 decisively and turned into resistance. 200% absolute range expansion. Closed the week near Y-3 and week low.
Outlook Key support on weekly is 120. If ninja can bounce off that quickly early next week a fight to go back up to Y-1 will be in play. Consolidation action is expected as we are getting close to the holiday week.
Lawrence's Comment
Recap
Euro rallied from Y-1 as expected and cleared Y-0 in 1 go. The counter-trend rally was triggered as mentioned last week zooming it back up to near 1.28 before ...
Lawrence's Comment
Recap
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop ...
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
USDJPY Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Sideway actions expected yet news shock forced ninja to breakout to the downside. Cleared Y-1 decisively and turned into resistance. 200% absolute range expansion. Closed the week near Y-3 and week low.
Outlook
Key support on weekly is 120. If ninja can bounce off that quickly early next week a fight to go back up to Y-1 will be in play. Consolidation action is expected as we are getting close to the holiday week.
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