Recap Nailed this one as early in the week it popped above Y+1 quickly setting the stage for a run to at least Y+2. Rallied all the way to almost Y+3 before it stopped. Closed the week near week high and above Y+2.
Outlook Easy trade on this long last week. Only thing is that it failed to tag Y+3 meaning it is not as strong as it looks. Consolidation around B+1 with upside bias for the coming week is expected.
Lawrence's Comment
Recap
Just like NQ, ES tested Y-0 at the start of the week and then immediately selloff to Y-2. Y-1 acted as resistance giving the selloff more firepower to ...
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
USDJPY Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Nailed this one as early in the week it popped above Y+1 quickly setting the stage for a run to at least Y+2. Rallied all the way to almost Y+3 before it stopped. Closed the week near week high and above Y+2.
Outlook
Easy trade on this long last week. Only thing is that it failed to tag Y+3 meaning it is not as strong as it looks. Consolidation around B+1 with upside bias for the coming week is expected.
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