Recap Best move of the week. Held the support I was looking for hence daily uptrend defended. Short term shorts all fried on news shock. Sometimes we have to wonder how do they coordinate these things. Closed the week near Y+2 target and week high.
Outlook Cleared resistance 80 and now that has to turn into support.
Looking for swing long as long as B-0 is not breached.
Lawrence's Comment
Recap
Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook
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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
USDJPY Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Best move of the week. Held the support I was looking for hence daily uptrend defended. Short term shorts all fried on news shock. Sometimes we have to wonder how do they coordinate these things. Closed the week near Y+2 target and week high.
Outlook
Cleared resistance 80 and now that has to turn into support.
Looking for swing long as long as B-0 is not breached.
Beyond 82 the next upside target is 86.
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