Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
Lawrence's Comment
Recap
The bullish scenario did not materialize. Y-1 turned into resistance, and NQ simply fall straight down to first target of Y-2 and then collapse down to 100% absolute ...
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 23 to Dec 27 Outlook
Lawrence’s Comment
Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook
Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
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