Lawrence's Comment
Recap
Previous week close support sent ES back up to challenge week high so far. Gap above allowed for Y+1 breakout. Closed the week above Y+1 and midpoint.
Outlook
B+1 ...
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
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 ...
Lawrence's Comment
Recap
Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low.
Outlook
Weaknesses continue as expected but not as weak ...
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 Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Consolidation around previous week close in tight range. Closed the week below Y-0 and near midpoint.
Outlook
Test of B-1 likely. B-1 acting as support will give us B+1 and above.
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