Recap Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and toasted the breakout. Closed the week near Y-1 and week low.
Outlook Outside down week is enforcing a slow down channel on Ninja.
As long as B-0 is acting as resistance, looking for another tight range down week with down side target Y-3 / B-2.
Lawrence's Comment
Recap
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below ...
Lawrence's Comment
Recap
Flushed to Y-2 as expected. News shock sending it back to Y-0. Closed the week below Y-0 and above Y-1.
Outlook
News shock again and again abrupted the longer term ...
Lawrence's Comment
Recap
NQ had a 100 points upside breakout last week. Unlike Dow or ES, NQ continues to drift higher early in the week and then leading to the upside even ...
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
Measured up move early in the week has many fooled as if a bottom is in place. The end of the measured up resulted in a quick drop ...
USDJPY Sep 10 to Sep 14 Outlook
Lawrence’s Comment
Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and toasted the breakout. Closed the week near Y-1 and week low.
Outlook
Outside down week is enforcing a slow down channel on Ninja.
As long as B-0 is acting as resistance, looking for another tight range down week with down side target Y-3 / B-2.
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