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.
Lawrence's Comment
Recap
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of ...
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
Lawrence's Comment
Recap
Y-1 support in the beginning of the week led to an up drift near Y-0. 1-2-3 sell breaking the bear flag sent Aussie straight down to clear Y-1. Range ...
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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