Recap Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but it was not able to hold onto its gain. Closed the week below Y-0 and midpoint.
Outlook 103 rejected decisively. Y+1 and above strong resistance. A push lower to Y-2 is likely once B-1 is breached.
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
ES went sideway all week until Friday. News from Europe helped ES clearing the 2100 resistance finally and zoomed straight up. Closed the week above Y+1 and at week ...
Lawrence's Comment
Recap
FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where ...
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 May 05 to May 09 Outlook
Lawrence’s Comment
Y-1 support sent ninja back up to Y+1. Rejected on first try giving us a retest of week low. US NFP report sent ninja almost up to Y+2 but it was not able to hold onto its gain. Closed the week below Y-0 and midpoint.
Outlook
103 rejected decisively. Y+1 and above strong resistance. A push lower to Y-2 is likely once B-1 is breached.
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