Recap As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint and also Y-0.
Outlook Yen is officially moving into a tight triangle formation on weekly chart. Until a breakout of the range established within the past 3 weeks, there will be no strong moves to trade.
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 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint and also Y-0.
Outlook
Yen is officially moving into a tight triangle formation on weekly chart. Until a breakout of the range established within the past 3 weeks, there will be no strong moves to trade.
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