Recap Slided down further and found support at 76 round number area. Rallied by end of the week back up to Y-1 to close the week.
Outlook Need B-0 downto B-1 to act as support, a proper bottom formed in this area should push the pair back up to 77 and eventually challenging Y-0 / B+3 area where the sudden break down started.
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
USDJPY Feb 06 to Feb 10 Outlook
Lawrence’s Comment
Slided down further and found support at 76 round number area. Rallied by end of the week back up to Y-1 to close the week.
Outlook
Need B-0 downto B-1 to act as support, a proper bottom formed in this area should push the pair back up to 77 and eventually challenging Y-0 / B+3 area where the sudden break down started.
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