Recap Previous week close acted as support and in turn making Y-0 into support. Pushed to Y+1 target and collapsed back down since. Y-1 strong support as mentioned last week has put a stop to the drop. Closed the week below Y-0 and midpoint.
Outlook Outside week yet close near both midpoints. Potential 3 pushes up on 4 hours points to a pullback down to B-2 provided that Y+1 acting as resistance.
Lawrence's Comment
Recap
Loonie managed to get to Y+1 by drifting slowing. It was immediately rejected. Closed the week at midpoint and above Y-0.
Outlook
It has weaknesses written all over. The slow up ...
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
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 17 to Aug 21 Outlook
Lawrence’s Comment
Previous week close acted as support and in turn making Y-0 into support. Pushed to Y+1 target and collapsed back down since. Y-1 strong support as mentioned last week has put a stop to the drop. Closed the week below Y-0 and midpoint.
Outlook
Outside week yet close near both midpoints. Potential 3 pushes up on 4 hours points to a pullback down to B-2 provided that Y+1 acting as resistance.
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