Recap As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
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
As mentioned last week, Dow is in breakout mode and that failing to break out of this range at one extreme will simply follow the STOPD principle ...
Received quite a number of emails asking what kind of secret projects I am working on for the site. Well, it is the same ones I have been working on ...
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 May 06 to May 10 Outlook
Lawrence’s Comment
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint and Y-0.
Outlook
Strong resistance directly above. If ninja can clear B+1 and Y+1 in 1 go, upside target of B+3 next.
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