Recap Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed below Y-2 and opened the door to Y-3. Y-3 tagged at the end. Closed the week below Y-2 and midpoint.
Outlook A down channel / falling wedge in place. Breaking above B-0 will give us B+1 quickly. As long as B-0 is not breached, looking for more downside in the coming week.
Lawrence's Comment
Recap
Short bias from last week played out well until Y-2 was tagged and that the huge gap from beginning of March was rejected. ES zoomed back up from below ...
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
Flushed to new low but bounced at once back above Y-1. Closed the week above midpoint and Y-1.
Outlook
Another longer term potential bottom in the making. Confirmation would ...
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 Oct 07 to Oct 11 Outlook
Lawrence’s Comment
Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed below Y-2 and opened the door to Y-3. Y-3 tagged at the end. Closed the week below Y-2 and midpoint.
Outlook
A down channel / falling wedge in place. Breaking above B-0 will give us B+1 quickly. As long as B-0 is not breached, looking for more downside in the coming week.
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