Recap Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook The big rally was caused by intervention that messed up the normal dynamics of the pair. As the momentum has stalled, the pair will likely drift back down to test the top of the first leg in this rally. A break of B-0 and that having it as a resistance implies B-2 and B-3 are in play. B-3 is the top of the intervention spike high.
Lawrence's Comment
Recap
More upside as expected with first 40 points pullback in place too. The distribution signs mentioned last week played out well as Google earning disappointment is obviously something expected. ...
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
Broken the 2100 support and zoomed down to Y-2 zone. Bounced off quickly back upto Y-0 area and closed the week below Y-0.
Outlook
Rally off unconfirmed rumors and news ...
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 11 to Apr 15 Outlook
Lawrence’s Comment
Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook
The big rally was caused by intervention that messed up the normal dynamics of the pair. As the momentum has stalled, the pair will likely drift back down to test the top of the first leg in this rally.
A break of B-0 and that having it as a resistance implies B-2 and B-3 are in play. B-3 is the top of the intervention spike high.
Share