Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
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
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook
Ledge like ...
Lawrence's Comment
Recap
Y-1 retested as expected. Failing to hold the zone gave us 100% expansion of the consolidation range. Closed the week below Y-1 and midpoint.
Outlook
Falling wedge in the ...
USDJPY Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook
Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
Share