Recap Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook 124 is long term upside target on weekly. From here it will be more difficult to move higher until ninja spend sometime to absorb the move. Y+2 / B-0 strong support until proven otherwise.
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
Pullback to Y-1 as expected. Found support and zoomed back up until 100% absolute range expansion. Closed the week near Y-0 and midpoint.
Outlook
Normal pullback in progress. Holding Y-0 / ...
Lawrence's Comment
Recap
Channel play as expected. Pushed to Y+2 and stalled. Closed the week near Y+1 and below midpoint.
Outlook
Channel break down will give us at least B-2 and likely ...
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 Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Ninja held Y+1 and zoomed to Y+2 quickly. Y+2 turned into support and rallied higher to above Y+3. Closed the week above Y+3 and midpoint.
Outlook
124 is long term upside target on weekly. From here it will be more difficult to move higher until ninja spend sometime to absorb the move. Y+2 / B-0 strong support until proven otherwise.
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