Recap Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The drop to new low was slow and messy. Range compression was obvious. Closed the week at Y-1.
Outlook Dollar yen is wedging. Until a clean up swing is established clearing the way to an uptrend, will not touch this pair.
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
Insanity continues as ES opened the week with a significant upside gap and then sold off straight down for 1 and 1/2 days with over 40 points range. Then ...
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 31 to Nov 04 Outlook
Lawrence’s Comment
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The drop to new low was slow and messy. Range compression was obvious. Closed the week at Y-1.
Outlook
Dollar yen is wedging. Until a clean up swing is established clearing the way to an uptrend, will not touch this pair.
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