Recap Moved lower in the beginning of the week as expected. Reversal from there to challenge Y-0 and gave us the Y+1 run. Closed at week high and right below Y+1.
Outlook Daily reversal in place. As long as Y-0 / B-0 acts as support, a run back up to B+2 is likely.
Lawrence's Comment
Recap
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered ...
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 14 to Oct 18 Outlook
Lawrence’s Comment
Moved lower in the beginning of the week as expected. Reversal from there to challenge Y-0 and gave us the Y+1 run. Closed at week high and right below Y+1.
Outlook
Daily reversal in place. As long as Y-0 / B-0 acts as support, a run back up to B+2 is likely.
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