Recap Monday price shock failed to force ninja down to Y-2. FBO against Y-1 lead to Y-0 test. Y-0 acted as resistance and sent ninja back down to Y-1. Closed the week above Y+1 and near midpoint.
Outlook The 122 test mentioned some time ago finally completed and proven to be strong support. As long as Y-1 / B-1 zone acting as support ninja up trend intact with retest of B+1 and above likely.
Lawrence's Comment
Recap
ES struggled early part of the week to hold Y-1 and attempted to test Y+1. Yet it failed to hold above Y-0 as support. When Y-1 was tagged again, ...
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
Was looking for 2nd consolidation week and got exactly that. Inside week with close below midpoint near Y-0.
Outlook
Coiling up with 2 weeks in a row closing at ...
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
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 06 to Jul 10 Outlook
Lawrence’s Comment
Monday price shock failed to force ninja down to Y-2. FBO against Y-1 lead to Y-0 test. Y-0 acted as resistance and sent ninja back down to Y-1. Closed the week above Y+1 and near midpoint.
Outlook
The 122 test mentioned some time ago finally completed and proven to be strong support. As long as Y-1 / B-1 zone acting as support ninja up trend intact with retest of B+1 and above likely.
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