Recap Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 and near week high.
Outlook Y+2 and Y+3 are still in play. B-0 / Y-0 now strong support.
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
3 pushes up into Y+2 resistance, signalled clean drop to Y-1. Got the drop and found support. ES bounced back up after news about Ukraine was fed out at ...
USDJPY Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Resistance zone mentioned last week capped initial push higher early in the week. Flushed below Y-1 without tagging Y-2 staged the slingshot move expected. Closed the week above Y+1 and near week high.
Outlook
Y+2 and Y+3 are still in play. B-0 / Y-0 now strong support.
Share