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
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
Retest of the lows happened as as Aussie failed to push higher from Y-0. Support found near Y-1 and bounced back. Closed the week above Y-0 and midpoint.
...
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.
Share