Recap Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
Lawrence's Comment
Recap
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the ...
Lawrence's Comment
Recap
Consolidation with 50% previous week range as expected. Pushed lower to retest Y-1 and failed to stay below. Bounced back up to take on Y-0. Closed the week 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
Lawrence's Comment
Recap
Consolidation around Y-1. In waiting mode for ECB's actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation ...
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 11 to Jan 15 Outlook
Lawrence’s Comment
Ninja breakdown from 120 support zone led to a flush back down to monthly support 116-117 area. Closed the week below Y-5 and near week low.
Outlook
More downside is expected. If ninja find support at 117 round number early in the week, a bounce back up to B-0 and retest of 120 will be in play.
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