Recap A higher high and higher low on weekly finally formed.
Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place. Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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
Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed ...
USDJPY Nov 28 to Dec 02 Outlook
Lawrence’s Comment
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place.
Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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