Recap Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook Now lower and higher timeframes are aligned. Lower timeframes completed its measured down move while higher timeframes’ support at Y-2 is right below. As long as Y-2 / B-1 acting as support, another swing bottom will be in place with 1st target above B+1.
Lawrence's Comment
Recap
Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around ...
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
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 28 to Nov 01 Outlook
Lawrence’s Comment
Lower timeframe bearishness took Ninja down from FBO at Y-0 down to 100% absolute range expansion. Closed the week below Y-1 and midpoint.
Outlook
Now lower and higher timeframes are aligned. Lower timeframes completed its measured down move while higher timeframes’ support at Y-2 is right below. As long as Y-2 / B-1 acting as support, another swing bottom will be in place with 1st target above B+1.
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