Recap Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook Outside week strong close. Potential weekly reversal in place. As long as B-0 is not breached ninja will go higher in coming weeks.
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
News shock dropped ES down to Y-3 to start the week. Gap fill fight started at once. Wild 2 ways swings eventually allow ES to move above Y-1. Closed ...
Recap
No selloff. No strong rally. Started the week with a 3 push up to Y+1 for a staged selloff back down to Y-1. Rinse and repeat. Closed the week ...
Lawrence's Comment
Recap
Consolidation with a pullback to Y-0 as expected. No serious attempts were made to even challenge the Y+1 level until the end of the week. Closed the week below ...
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 07 to Jul 11 Outlook
Lawrence’s Comment
Ninja reversed its course as expected from higher timeframe support. Ran all the way back up to Y+1 before it stopped. Closed the week above Y+1 and midpoint.
Outlook
Outside week strong close. Potential weekly reversal in place. As long as B-0 is not breached ninja will go higher in coming weeks.
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