Recap Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint.
Outlook Next upside target is 86. Ninja is at a critical juncture. US uses devaluation of US dollar to mask out its problems from showing in the stock markets. The rise of dollar from past 2 months really hurting the stock market significantly. There is very strong incentive for those who are in control to suppress US dollar from going higher. Any news shock that drives US dollar higher will allow this pair to tag 86 quickly.
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
Lawrence's Comment
Recap
Slided down to Y-2 and in turn stops are triggered leading to Y-3. Support at Y-3 gave us consolidation actions since. Closed the week below Y-2 and midpoint.
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USDJPY Nov 26 to Nov 30 Outlook
Lawrence’s Comment
Continued with the march to above 82. Y+2 tagged with mild pullback. Closed the week below Y+2 and above midpoint.
Outlook
Next upside target is 86. Ninja is at a critical juncture. US uses devaluation of US dollar to mask out its problems from showing in the stock markets. The rise of dollar from past 2 months really hurting the stock market significantly. There is very strong incentive for those who are in control to suppress US dollar from going higher. Any news shock that drives US dollar higher will allow this pair to tag 86 quickly.
Must hold B-1 for the swing long to continue.
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