Recap Consolidated around Y+1 and then breakout upside failed. That gave us the Y-0 retest. Y-0 tagged eventually. Closed the week above Y-0 and below midpoint.
Outlook Still bullish on daily but bearish in lower timeframes.
If Y-0 / B-1 fails to support ninja, we will get a breakdown drop to B-2 quickly. Even holding the support area, ninja still has to prove itself by clearing Y+1 swiftly in order to move higher. Measured move target points to B+2 and above.
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
Lawrence's Comment
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 ...
Lawrence's Comment
Recap
As expected ninja cannot move out of the 2 extremes defined from prior weeks. Dipped below Y-1 and bounded back up to above Y-0. Closed the week above midpoint ...
USDJPY Oct 21 to Oct 25 Outlook
Lawrence’s Comment
Consolidated around Y+1 and then breakout upside failed. That gave us the Y-0 retest. Y-0 tagged eventually. Closed the week above Y-0 and below midpoint.
Outlook
Still bullish on daily but bearish in lower timeframes.
If Y-0 / B-1 fails to support ninja, we will get a breakdown drop to B-2 quickly. Even holding the support area, ninja still has to prove itself by clearing Y+1 swiftly in order to move higher. Measured move target points to B+2 and above.
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