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.
Lawrence's Comment
Recap
No further selloff. Rallied straight up from the bottom of the established range to the top of the range in a week. Closed the week above Y+1.
Outlook
Outside ...
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
Did not breach Y+1 in the beginning of the week and a sharp selloff from there as expected. Cleared Y-0 but failed to go much lower. 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
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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