Recap 50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook The monthly resistance of 100-102 from years ago is now support. Being able to build a base at this level means first target upside at Y-0 / B+2 is likely.
Lawrence's Comment
Recap
Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week ...
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 Aug 08 to Aug 12 Outlook
Lawrence’s Comment
50% range as expected. Consolidation actions. Closed the week near Y-1 and midpoint.
Outlook
The monthly resistance of 100-102 from years ago is now support. Being able to build a base at this level means first target upside at Y-0 / B+2 is likely.
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