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.
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
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
News shock from the start of the week failed to damage the bullish technical pattern I mentioned last time. Somehow Y-2 was never tagged in that flush ...
Recap of last week Gap above the resistance area (yellow zone) and sell back down to test the zone from above. Yellow zone acted as support, leading to a ...
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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