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
Sold off as expected with Dow. Got my target of Y-3. Almost down to 2% pullback / Y-4 too. Consolidated around Y-3 until NFP changed the game. Gap and ...
Lawrence's Comment
Recap
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but ...
Lawrence's Comment
Recap
Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0.
Outlook
The magiv 0.96 ...
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 Jun 04 to Jun 08 Outlook
Lawrence’s Comment
Breakout to the downside. Completed 200% range expansion then bounced. Closed at Y-3.
Outlook
Back to long term support zone 76-78 again. Consolidation below B-0 is expected with downside bias to tag Y-4 / Y-5.
Will be difficult to trade as we all know BOJ and Japanese government have been quite open about intervention.
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