Recap Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook Weekly pullback structure intact. Another range bounded week in play.
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
Went lower as expected. It was interesting that it dropped in a slow 3 pushes down pattern. Before Y-2 was tagged, the pattern zoomed the pair back up to ...
Lawrence's Comment
Recap
Reduced range drifting. Closed above Y+1 and midpoint.
Outlook
As mentioned last week, a potential long term bottom in the making. The up drift last week is giving this pair more ...
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
USDJPY Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook
Weekly pullback structure intact. Another range bounded week in play.
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