Recap Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
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
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
Bearish scenario unfolded exactly as predicted. Downside target B-2 tagged and closed the week below Y-1.
Outlook
A retest of B-1 is likely. B-0 should act as resistance until B-1 ...
USDJPY Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook
Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
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