Recap Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook As long as Y+1 to B-0 acting as resistance, more downside is expected. B-2 is the first target for next leg lower.
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
Did not push higher at all. First drop to Y-0 did not even hold above Y-0. That opens the door to Y-1. Closed the week well below ...
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 06 to Jan 10 Outlook
Lawrence’s Comment
Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above Y-0 and midpoint.
Outlook
As long as Y+1 to B-0 acting as resistance, more downside is expected. B-2 is the first target for next leg lower.
Share