Recap Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint.
Outlook Consolidation likely to absorb the wild swings in both directions. 50% range consolidation points to price being trapped in B+1 and B-0 likely.
Lawrence's Comment
Recap
One more push higher and stalled back down to Y-0. Closed the week at midpoint.
Outlook
Potential 3 pushes up in place. If Y+1 acts as resistance, a break of ...
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 20 to Jan 24 Outlook
Lawrence’s Comment
Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation likely to absorb the wild swings in both directions. 50% range consolidation points to price being trapped in B+1 and B-0 likely.
Share