Recap Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint.
Outlook Stop hunting move once Y-2 was breached as the range expansion is 100% of the range of the week before the break down. Ninja dropped to its monthly support. A drift back up to Y-2 / B-0 likely. Retest of B-1 also likely.
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
The short squeeze scenario played out. The range expanded without any significant retracement. That is a bit surprising.
Outlook
Still no signs of accumulation and breadth is diverging from the ...
Lawrence's Comment
Recap
Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed ...
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
As expected drift up to B+2 and stalled from there. Closed the week below midpoint.
Outlook
Retest of Y+1 to B-1 should be the first move in the agenda. There ...
USDJPY Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Continuation sell down to Y-2 yet failed to produce a bounce. Breaking below Y-2 gave us Y-3. Closed the weekbelow Y-2 and midpoint.
Outlook
Stop hunting move once Y-2 was breached as the range expansion is 100% of the range of the week before the break down. Ninja dropped to its monthly support. A drift back up to Y-2 / B-0 likely. Retest of B-1 also likely.
Share