Recap Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook Wait for prices to settle down and a base to form again.
Lawrence's Comment
Recap
Consolidation week around Y+1. 50% previous week range. Closed the week near week low and below Y+1.
Outlook
Consolidation ended in a weak tone points to potential flush down to B-2 ...
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
A bounce was expected but not a huge rally like what we got last week. Somehow "good news" after "good news" were fed out during the holiday ...
USDJPY Jan 02 to Jan 06 Outlook
Lawrence’s Comment
Congestion between B-1 to B+1 most of the week. Then total collapse once the week low is taken out the last moment of the week. Obvious stop run seeking sell stops below. Tagged Y-4 and completed 200% absolute range expansion.
Outlook
Wait for prices to settle down and a base to form again.
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