Recap Easy one for the week. Y-0 resistance dropped directionally down to Y-2 and below. Closed the week below Y-1 and near midpoint.
Outlook The weekly level pullback in progress. Volatility is picking up. Until ninja can sit above Y-1 as support the pullback / consolidation will continue.
Lawrence's Comment
Recap
As expected, Y-0 was tagged after multiple attempts to break below Y-1 and failed. Closed the week near midpoint.
Outlook
Loonie likely trapped between B+1 down to B-1 over ...
Lawrence's Comment
Recap
Pulled back to resistance area and sold off again to restest Y-1. Then failed to push above the midpoint of the week at that time and resulted ...
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
Bounced to Y-0. Held above Y-1. And jumped back up to almost Y+1 by end of week as expected.
Outlook
A short term bottom is likely in place. ...
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 19 to Jan 23 Outlook
Lawrence’s Comment
Easy one for the week. Y-0 resistance dropped directionally down to Y-2 and below. Closed the week below Y-1 and near midpoint.
Outlook
The weekly level pullback in progress. Volatility is picking up. Until ninja can sit above Y-1 as support the pullback / consolidation will continue.
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