Recap More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook Indecision to close near Y-1 means a chance to push back up to B+1. As long as B+1 is acting as resistance more downside is expected. Looking for B-2 to be tagged within 2 weeks.
Lawrence's Comment
Recap
Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low of the ...
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
Y-1 breached early in the week but did not act as resistance. W. spring formed with Y-1 acting as support sending euro back up to Y-0. Closed the week ...
Lawrence's Comment
Recap
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. ...
Lawrence's Comment
Recap
Shock sent the pair to trade above Y+1 but failed to hold above that. Y+1 turned into resistance and signal a test of Y-1 in play. Selloff stopped ...
Lawrence's Comment
Recap
Got our consolidation-like range. Upside target of above mid-1830s printed. Closed the week above Y+1 and midpoint.
Outlook
Seasonal bullish bias used up at this point. No strong directional play until ...
USDJPY Apr 01 to Apr 05 Outlook
Lawrence’s Comment
More downside as expected but failed to tag Y-2. Just consolidated around Y-1. Closed the week near Y-1 and midpoint.
Outlook
Indecision to close near Y-1 means a chance to push back up to B+1. As long as B+1 is acting as resistance more downside is expected. Looking for B-2 to be tagged within 2 weeks.
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