Recap More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near week high.
Outlook Strong up trend developed on weekly. Several support points created along the way up. Should weaknesses develop, a pullback to Y+1 is very likely.
The next down side support is B-2. Until B-0 turning into resistance, it is out of the question for now.
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
As expected yen is too weak for any upside push. Closed the week at midpoint.
Outlook
No direction. Bias towards another test of low from August since upside is rejected ...
USDJPY Jan 07 to Jan 11 Outlook
Lawrence’s Comment
More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near week high.
Outlook
Strong up trend developed on weekly. Several support points created along the way up. Should weaknesses develop, a pullback to Y+1 is very likely.
The next down side support is B-2. Until B-0 turning into resistance, it is out of the question for now.
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