Recap As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
Lawrence's Comment
Recap
Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
The drop ...
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
As expected, the FBO mentioned last week gave us a drop back down to Y-0 and then Y-1. That turned Y-0 into strong resistance. Retest of Y-0 failed. ES ...
USDJPY May 06 to May 10 Outlook
Lawrence’s Comment
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook
Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
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