Recap As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
Lawrence's Comment
Recap
Dow rallied as expected towards 12200, but it stopped at 12150 when it reached 100% absolute range expansion and sold off since. Sell climax hit when Y-1 was ...
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
Euro spiked higher above Y+1, but failed immediately back below Y-0, staging an all out breakdown. Yet, it drifted higher since until midpoint of week was tagged. Closed the ...
Lawrence's Comment
Recap
Congested for 2 days, then went higher until 50% absolute range expansion is reached. Then congested there for the rest of the week.
Outlook
The big rally was caused ...
Lawrence's Comment
Recap
Followed the down channel play and gave us a easy week. Closed the week above Y-1 and below midpoint.
Outlook
Down channels do not last. As long as B-0 acting as ...
USDJPY Nov 21 to Nov 25 Outlook
Lawrence’s Comment
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
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