Recap Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook 3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
Lawrence's Comment
Recap
Test of Y+1 led to breakout to the upside. Breakout target Y+3 was tagged by the end of the week. Closed the week above Y+2 and near week high.
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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
Consolidated around Y+1 at 50% range. Standard response after a quick run up. Closed the week above Y+1 and midpoint.
Outlook
That at par zone has been a trouble ...
Lawrence's Comment
Recap
Ranged bounded play worked out well for the first 4 days last week. Then NFP report forced a breakout to the downside. Normal 2X target from the ...
USDJPY Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook
3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
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