Recap Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
Recap of last week Flush to target red zone 1.31 right off the start of the week. Then a reversal started mid week that retested the original target zone ...
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 09 to Jan 13 Outlook
Lawrence’s Comment
Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook
A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
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