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.
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.
Share