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.
Lawrence's Comment
Recap
Y+1 acted as resistance, and the less likely scenario worked out perfectly. Free ride from above Y-0 down to Y-1. Closed the week below Y-1.
Outlook
Tagging Y-2 early in ...
Lawrence's Comment
Recap
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) ...
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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