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
First half of the week showing signs of reduced range and consolidation behaviour. Then the spike up to challenge Y-0 failed, led to all out melt down. NQ could ...
Lawrence's Comment
Recap
Y-0 acted as support in the beginning of the week. Set the stage to challenge Y+1. 2nd swing took out Y+1 and Y+2. Closed above Y+1.
Outlook
As long as ...
Lawrence's Comment
Recap
Tagged upside target of Y+2 early in the week. Slided back down and closed the week below Y+1.
Outlook
As long as Y-0 to B-1 acts as support, a ...
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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