Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.
Outlook BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move will have to deal with the potential mini crash back down to Y-2.
Another pair not good for trading this week like euro.
Auto chart generator encountered some problem and failed to produce the ES chart for this week. Refer to the Dow chart as they look very similar for the past week.
Lawrence's ...
Lawrence's Comment
Recap
One of the easier plays last week even though it was a bit wild. FBO in beginning of the week gave us at least a test of Y-0. And ...
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 23 to Feb 27 Outlook
Lawrence’s Comment
Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move will have to deal with the potential mini crash back down to Y-2.
Another pair not good for trading this week like euro.
Share