Recap Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
Outlook Y-3 target not tagged yet. Y-1 / B-0 resistance until proven otherwise. Retest of B-1 and tagging Y-3 likely.
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
Consolidation actions around previous week close. Equal distance from previous week close established. Closed the week above Y-1 and midpoint.
Outlook
3 Pushes Down target Y-0. 3 Pushes Down ...
USDJPY Mar 21 to Mar 25 Outlook
Lawrence’s Comment
Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint.
Outlook
Y-3 target not tagged yet. Y-1 / B-0 resistance until proven otherwise. Retest of B-1 and tagging Y-3 likely.
Share