Lawrence's Comment
Recap
Y-1 held up once in the beginning of the week but failed on second try and flushed down to Y-3. Spike reversal from there gave us upside target of ...
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 May 14 to May 18 Outlook
Lawrence’s Comment
Flushed to new low but bounced at once back above Y-1. Closed the week above midpoint and Y-1.
Outlook
Another longer term potential bottom in the making. Confirmation would be a breakout above B+1 and that B+1 downto B-0 acting as support.
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