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.
ContentReviewS&P Correction StartedEuro No Strength to Go HigherGold Not as Bullish as Many ThinkBig Picture SummaryReviewEuro trapped in tight range inside the projected channel. It has not figured out what ...
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
The head and shoulder formation was invalidated at the start of the week as Dow did not stay below the neckline.
Signature STOPD reversal after the new low ...
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 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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