Recap Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed.
Outlook Upside breakout rejected. Will be difficult to go any higher unless B+1 is zoomed through.
Sideway market expected until US Labor Day holiday is over.
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
1-2-3 sell from Y+1 gave us Y-0. Y-0 support sent NQ back up to Y+1 and breakout to Y+2. Closed the week near Y+2 and week high.
Outlook
Uptrend ...
USDJPY Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed.
Outlook
Upside breakout rejected. Will be difficult to go any higher unless B+1 is zoomed through.
Sideway market expected until US Labor Day holiday is over.
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