Recap Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal with Y+1 target. Ninja did not stop there as more news fed out to push it even higher. Got Y+3 then Y+4 in 1 go. Closed the week at week high and Y+5.
Outlook Much faster price swings then anticipated, both downside and then upside. Did not participated in the last push to Y+5 as that part was way beyond normal expectations.
This week consolidation around Y+5 is expected. Not the usual tight range one though because past week was 350%+ range expansion. This week we can easily see swings to as high as 99.3 and as low as 96.4. Extreme volatility induce more volatility in coming weeks.
Lawrence's Comment
Recap
Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook
Volatility should pick up later ...
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
Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the ...
Lawrence's Comment
Recap
Mon/Tue produced a swing high allowing us to join the continuation sell later in the week. Closed the week below Y-0 and near week low.
Outlook
The selling is not completed. ...
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
Tried to bottom out at 1.0 and failed. Closed the week below 1.0 and at the low of the week.
Outlook
As mentioned last week, loonie is sitting at ...
USDJPY Apr 08 to Apr 12 Outlook
Lawrence’s Comment
Got downside target of Y-2 right in the beginning of the week. Bounced off target back to Y-1. Retested with higher low and 1-2-3 buy off Y-1. Classic reversal with Y+1 target. Ninja did not stop there as more news fed out to push it even higher. Got Y+3 then Y+4 in 1 go. Closed the week at week high and Y+5.
Outlook
Much faster price swings then anticipated, both downside and then upside. Did not participated in the last push to Y+5 as that part was way beyond normal expectations.
This week consolidation around Y+5 is expected. Not the usual tight range one though because past week was 350%+ range expansion. This week we can easily see swings to as high as 99.3 and as low as 96.4. Extreme volatility induce more volatility in coming weeks.
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