Recap Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook Consolidation without breaking Y-0 is sign of strength. As long as Y-0 / B-1 holds, ninja can push higher to clear B+1 / Y+1 with B+2 target.
Lawrence's Comment
Recap
Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the ...
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
Once the Y+1 breakout happened, we can already tell Y+2 was the target because that is the upper boundary of the tight range defined over past few ...
USDJPY Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 and below midpoint.
Outlook
Consolidation without breaking Y-0 is sign of strength. As long as Y-0 / B-1 holds, ninja can push higher to clear B+1 / Y+1 with B+2 target.
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