Recap Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and below midpoint.
Outlook 4 hour / daily bull flag points to continuation to the upside likely. Spike low against B-1 above B-2 will signal at least a test of B-0 and that will in turn break the bull flag resistance.
Lawrence's Comment
Recap
Took no time to tag Y+2. Pullback right after bounced off Y+1. That points to more upside potential. Eventually breakout above Y+2 and completed 100% absolute range ...
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
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week ...
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 Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and below midpoint.
Outlook
4 hour / daily bull flag points to continuation to the upside likely. Spike low against B-1 above B-2 will signal at least a test of B-0 and that will in turn break the bull flag resistance.
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