Recap Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint.
Outlook A strong up trend is established with clear support line in place. Breaking below 121 decisively points to Y-0 and B-2 in play. This is normal reaction to the push higher on weekly and monthly, not the marking of a top.
Lawrence's Comment
Recap
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. ...
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
How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...
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 Mar 16 to Mar 20 Outlook
Lawrence’s Comment
Ninja was so strong, it pushed to 122 first in the beginning of the week setting up Y+1 as the consolidation midpoint. Closed the week near Y+1 and midpoint.
Outlook
A strong up trend is established with clear support line in place. Breaking below 121 decisively points to Y-0 and B-2 in play. This is normal reaction to the push higher on weekly and monthly, not the marking of a top.
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