Recap As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook 2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
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
Breakout to the downside after failure to clear the upside resistance. ES tagged the downside target mentioned last week perfectly and then bounced. Closed the week below B-0 and ...
Lawrence's Comment
Recap
Pushed above Y+1 following the up channel play but failed to hold above Y+1. That set the stage for a test of Y-0. Broken the channel to the downside ...
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
FBO from the start of the week against Y+1 gave us a flush back down to below Y-0. At 100% absolute range expansion NQ found support and zoomed back ...
USDJPY Jan 27 to Jan 31 Outlook
Lawrence’s Comment
As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week below Y-1 and midpoint.
Outlook
2nd leg on daily pullback in progress. As long as Y-0 to B-0 acting as resistance more downside is expected.
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