Recap Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in Ninja. Closed the week below Y-0 and midpoint.
Outlook Holiday trading in tight range is expected. 50% range points to B-1 support and B-0 / Y-0 resistance.
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
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...
Recap of last week Breakout upside. First 50% upside target of previous week range worked out. The 50% upside target of previous month range was almost tagged and stalled ...
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 21 to Dec 25 Outlook
Lawrence’s Comment
Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in Ninja. Closed the week below Y-0 and midpoint.
Outlook
Holiday trading in tight range is expected. 50% range points to B-1 support and B-0 / Y-0 resistance.
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