Recap 2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1.
Outlook No one dare to challenge BOJ hence the choppy actions and lack of direction. But it is just a repeat of what the other politicians did like Merkel who talk tough but they cannot fully control the market.
Breakout mode for ninja with Y+1 / Y-1 as the boundaries. breakout targets the usual Y+3 and Y-3 once the move has started.
Lawrence's Comment
Recap
As expected stuck within the tight week established over the past several weeks. Closed the week near midpoint.
Outlook
If B-0 acts as support and push for a breakout ...
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
Loonie breaking above Y+1 giving us immediate target of Y+2. Tagging Y+2 was all it got as it is still trapped inside the same multiple weeks range ...
Lawrence's Comment
Recap
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered ...
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 Feb 02 to Feb 06 Outlook
Lawrence’s Comment
2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1.
Outlook
No one dare to challenge BOJ hence the choppy actions and lack of direction. But it is just a repeat of what the other politicians did like Merkel who talk tough but they cannot fully control the market.
Breakout mode for ninja with Y+1 / Y-1 as the boundaries. breakout targets the usual Y+3 and Y-3 once the move has started.
Share