Recap Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in Ninja. Closed the week below Y-0 and midpoint.
Outlook Holiday trading in tight range is expected. 50% range points to B-1 support and B-0 / Y-0 resistance.
Lawrence's Comment
Recap
Not only did Nasdaq rally backup, it gapped thru the open gap established the week before and then sold off to fill that from above. Later in 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
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
Bearish bias played out well last week. Normal breakdown play target Y-3 tagged and acted as support. Price consolidated since. Closed the week near Y-2 and midpoint.
Outlook
Situation ...
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 21 to Dec 25 Outlook
Lawrence’s Comment
Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in Ninja. Closed the week below Y-0 and midpoint.
Outlook
Holiday trading in tight range is expected. 50% range points to B-1 support and B-0 / Y-0 resistance.
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