Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook More upside expected. Consolidation / pullback to Y+2 is reasonable.
Lawrence's Comment
Recap
Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...
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
Worst Thanksgiving week in history. Pure selloff breaking every support level after they are touched and bounced off from. Ended the week closing at Y-3 and completed 100% ...
USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook
More upside expected. Consolidation / pullback to Y+2 is reasonable.
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