Recap Tight range actions around Y-1 at 50% range. Consolidation during quiet last week of the year. Closed the week below Y-1 and midpoint.
Outlook Wait and see time for first week of the year will define the initiation for the rest of the month and in turn the rest of the year. Strong bottoming setup from this year points to retest of Y+2 and above in coming weeks.
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
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
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 Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Tight range actions around Y-1 at 50% range. Consolidation during quiet last week of the year. Closed the week below Y-1 and midpoint.
Outlook
Wait and see time for first week of the year will define the initiation for the rest of the month and in turn the rest of the year. Strong bottoming setup from this year points to retest of Y+2 and above in coming weeks.
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