Recap Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and near midpoint.
Outlook Inside week closing between Y-0 and midpoint implies indecision. Breakout play down to B-2 or up to B+2 in the making.
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
Lawrence's Comment
Recap
One of the most tricky weeks in these few years. First, in beginning of the week swinging around Y-0. Gapped to Y+1 and traded above. The gapped back down ...
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
One more push higher and stalled back down to Y-0. Closed the week at midpoint.
Outlook
Potential 3 pushes up in place. If Y+1 acts as resistance, a break of ...
USDJPY Aug 18 to Aug 22 Outlook
Lawrence’s Comment
Down channel resistance breached right from the beginning of the week. Gave us an up drift consolidation week. 50% range capped the upside. Closed the week above Y-0 and near midpoint.
Outlook
Inside week closing between Y-0 and midpoint implies indecision. Breakout play down to B-2 or up to B+2 in the making.
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