Recap The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook 2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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
Longer term upside target of 1.40 tagged. Trend buy all week as shorter term players forced to deal with volatility they never experienced in the past few years. Closed ...
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
Y+1 did nothing at all in stopping Dow from going higher. The next higher resistance at around 13050 was blasted thru after shorts was trapped by the bearish ...
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDJPY Nov 17 to Nov 21 Outlook
Lawrence’s Comment
The moment ninja weaken, we have BOJ at it again. 100% absolute range expansion stopped the run. Closed the week above Y+1 and midpoint.
Outlook
2nd week stair step rally driven by jawboning. This won’t last as a rising wedge is forming. Breaking below B-0 will start a drop to B-2 / Y-1 support.
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