Recap Trend line break play worked out with ninja dropped to almost Y-3. Strong reaction right after taking ninja back up to exactly where the breakdown started. Closed the week near Y-2 and midpoint.
Outlook Wide range week and daily up trend broken points to consolidation play this week. 50% of previous week range is expected.
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
Resistance zone mentioned last week capped Euro upside and the breaking of Y-0 gave us Y-1 downside target as expected. Closed the week near Y-1 and week low.
...
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 23 to Mar 27 Outlook
Lawrence’s Comment
Trend line break play worked out with ninja dropped to almost Y-3. Strong reaction right after taking ninja back up to exactly where the breakdown started. Closed the week near Y-2 and midpoint.
Outlook
Wide range week and daily up trend broken points to consolidation play this week. 50% of previous week range is expected.
Share