Recap Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
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
Pullback started. Dropped close to 77. Not quite 76.5 support zone yet.
Outlook
If USDJPY is doing a spike and ledge like the previous invention, then 76.5 would not hold ...
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
USDCAD Jan 21 to Jan 25 Outlook
Lawrence’s Comment
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week near Y+2 and above midpoint.
Outlook
Consolidation above B-0 / Y+1 will be bullish for a retest of B+1.
Share