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.
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
Lawrence's Comment
Recap
Consolidation around Y+1 at equal distance. 50% range bounded the week nicely. Closed the week near Y+1 and midpoint.
Outlook
As long as B+1 acting as resistance we ...
Lawrence's Comment
Recap
Pullback started right after a failed test of Y+1. A rare double top pattern created with Y-2 target after New Year. Closed the week below Y-1 and near week ...
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.
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