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
4 Hour down channel break. Weekly bull flag breakout. Tagged and cleared weekly resistance. Closed the week above Y+2 and near week high.
Outlook
The breakout momentum points to ...
Lawrence's Comment
Recap
Gold did not give Aussie a chance at all. As gold weaken again, Aussie failed to hold Y-1 and gave us the continuation target of Y-2. Flushed thru Y-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
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.
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