Recap As expected, total sideway action all week. slided down to Y-1 and bounced. Pushed thru Y-0 and tried to breakout upside above Y+1 failed. Closed the week near midpoint and Y-0.
Outlook Election on 16th. Not going to touch this pair until it is over.
Chart pattern is consolidation breakout mode. As original direction was up before entering the consolidation, upside breakout has a slight edge over a breakdown.
Lawrence's Comment
Recap
Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint.
Outlook
Normal pullback in progress. Holding Y-0 / ...
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
Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook
Sideway action after directional drop points to more downside. Until ...
Lawrence's Comment
Recap
Got the retest of Y+1 early in the week. Y+1 breached easily points to more upside. Previous week close acted as support on pullback and voila we got Y+2. ...
USDJPY Dec 10 to Dec 14 Outlook
Lawrence’s Comment
As expected, total sideway action all week. slided down to Y-1 and bounced. Pushed thru Y-0 and tried to breakout upside above Y+1 failed. Closed the week near midpoint and Y-0.
Outlook
Election on 16th. Not going to touch this pair until it is over.
Chart pattern is consolidation breakout mode. As original direction was up before entering the consolidation, upside breakout has a slight edge over a breakdown.
Share