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 all week. No real direction. Closed the week below Y+1 and above midpoint.
Outlook
As mentioned last week, euro on weekly close basis as long as it cannot ...
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
Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint.
Outlook
Potential break ...
Lawrence's Comment
Recap
Amazingly efficient NQ tested Y-0 first thing in the week and the selloff started. Target zone Y-2 was tagged quickly and the rest of the week was the ...
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 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Pullback as expected yet Y-0 support led to breakout to the upside with a run to print week high. Closed the week above Y-0 and midpoint.
Outlook
Potential complex top in the making, if FBO against Y+1 without tagging B+2, a drop back down to Y-1 likely.
Without a failure to clear Y+1, up trend intact with B+2 and above in play.
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