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
Lawrence's Comment
Recap
Blow-off action on Monday led to the expected pullback of 30 points. Closed the week below Y-0 and midpoint.
Outlook
Potential blow-off top on weekly. Y-0 / B-0 strong resistance. A ...
Lawrence's Comment
Recap
I am correct that NQ has a consolidation week - choppy move back down to Y-0 pretty much sums up the story. NFP report caused an upside breakout of ...
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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