Recap Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed the week near Y-1 and below B-0.
Outlook The Y-1 / B-1 zone has been the support for months. Every time it is challenged, something magical happened to reverse the course. Maybe intervention, maybe not.
As long as B-0 acting as resistance, B-2 and below in play.
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
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
How wrong was I on NQ. Instead of a clean FBO Monday, NQ rejected the setup by not breaking the Monday low and instead gap and breakout upside. Tagged ...
USDJPY May 19 to May 23 Outlook
Lawrence’s Comment
Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed the week near Y-1 and below B-0.
Outlook
The Y-1 / B-1 zone has been the support for months. Every time it is challenged, something magical happened to reverse the course. Maybe intervention, maybe not.
As long as B-0 acting as resistance, B-2 and below in play.
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