Lawrence's Comment
Recap
Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint.
Outlook
Strong reaction at Y+1 indicates strong 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
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
As mentioned last week - cable was sitting at a tricky area. Instead of a bounce and drop, it simply dropped and cleared 3x previous week range ...
USDJPY Feb 29 to Mar 04 Outlook
Lawrence’s Comment
Got the retest of the bottom at Y-2. It acted as support and gave us the rally as expected. Closed the week near Y-0 and week high.
Outlook
More upside is expected. The swing low on weekly is probably in place.
Share