Recap Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target of Y+2. Closed the week near Y+2 and week high.
Outlook Signs of short sequeeze meaning a pullback can happen anytime now. main support is below Y+1 where the pocket is.
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
As expected, the pair moved above Y+1 quickly. The nice surprise was that the strength of the run not only carry the pair higher to Y+3 (normal breakout target) ...
Lawrence's Comment
Recap
Euro found support after 50% range expansion down to near Y-2. Double bottom on 4 hours produced the low and gave us equal distance run back up above previous ...
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
Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and ...
USDJPY Oct 26 to Oct 30 Outlook
Lawrence’s Comment
Quick rally to clear the resistance above confirming strength. Y-0 support gave us an updrift to 120 round number. Since then ninja breakout above and reached normal bullish target of Y+2. Closed the week near Y+2 and week high.
Outlook
Signs of short sequeeze meaning a pullback can happen anytime now. main support is below Y+1 where the pocket is.
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