Recap Y-1 acted as support so no selloff. Once traded above Y+1, clean sail to pre-crisis level at Y+5 (notice how exact that was). Closed the week by doubling the range of the first 1/2 of the week.
Outlook Congestion between B-0 and B+1. Daytrading the pair is the preferred strategy over swing trades this week because of the wide range developed.
Lawrence's Comment
Recap
Downside 2200 target tagged. Then failed to hold and break lower to next support zone around 2150. Closed the week at the low of the week.
Outlook
Given the momentum ...
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
ContentReviewEuro Long Term Up ChannelS&P Not Ready for Serious Correction YetGold Need a Reason to MoveBitcoin Hanging on a Thread10-Year Note Can’t LieBig Picture SummaryReviewEuro stunned and stuck at the ...
USDJPY Apr 04 to Apr 08 Outlook
Lawrence’s Comment
Y-1 acted as support so no selloff. Once traded above Y+1, clean sail to pre-crisis level at Y+5 (notice how exact that was). Closed the week by doubling the range of the first 1/2 of the week.
Outlook
Congestion between B-0 and B+1. Daytrading the pair is the preferred strategy over swing trades this week because of the wide range developed.
Share