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.
Lawrence's Comment
Recap
Consolidation play worked out on first 4 days of last week. NFP Friday killed the pullback party and the aggressive swing long players are toasted. Tagged 2X ...
Lawrence's Comment
Recap
Slided down to B-2 without a fight. Then bear flag up drift back to Y+1. Could not clear the resistance and flushed back down to week low. Closed the ...
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
Aussie held previous week close and pushed higher to Y+1 and above. Y+1 failed to act as support and led to a drop back down to week low. Closed ...
Lawrence's Comment
Recap
As expected a rounding top that FBO against Y+1 and gave us Y-1 easily. The bonus is the move down to Y-2 to end the week. Closed the week ...
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 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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