Recap As explained in details last week, there is very limited downside potential and ninja is likely to push higher. Ninja consolidated around Y+1 and breakout to the upside and tagged the normal breakout target of Y+3. Closed the week above Y+2 and midpoint.
Outlook Breakout on weekly. 120 potential support for more upside on weekly basis. Next week, however, is more likely to consolidate around B-0.
Lawrence's Comment
Recap
A mess produced from a mess. ES simply followed Dow and NQ the whole week. Gaps up and down through the week due to news shock from Europe. As ...
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
The breakdown play worked out. Cable cleared 1.53 quickly and dropped down to Y-2 for a pause. That did not last long and cable just break down at the ...
USDJPY Mar 09 to Mar 13 Outlook
Lawrence’s Comment
As explained in details last week, there is very limited downside potential and ninja is likely to push higher. Ninja consolidated around Y+1 and breakout to the upside and tagged the normal breakout target of Y+3. Closed the week above Y+2 and midpoint.
Outlook
Breakout on weekly. 120 potential support for more upside on weekly basis. Next week, however, is more likely to consolidate around B-0.
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