Recap Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the week near Y-2 and below midpoint.
Outlook Slow motion downside actions towards Brexit low points to potential very strong reaction once it is tagged. 50/50 whether it will hold. Tricky week for ninja and staying on the side line is not a bad idea.
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
Dow pushed higher as expected early in the week. Since then failed to clear the upside and breached Y-0. The break led to all out sell off since. Closed ...
Lawrence's Comment
Recap
Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...
Lawrence's Comment
Recap
The other easy play last week. Euro could not push higher 1st half of the week. Once week low at the time was broken, euro dropped down to the ...
USDJPY Jul 11 to Jul 15 Outlook
Lawrence’s Comment
Test of B-1 as expected. That did not hold so we got Y-2 normal continuation target. Y-1 then turned into resistance and gave us another push lower. Closed the week near Y-2 and below midpoint.
Outlook
Slow motion downside actions towards Brexit low points to potential very strong reaction once it is tagged. 50/50 whether it will hold. Tricky week for ninja and staying on the side line is not a bad idea.
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