Recap Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint.
Outlook Y-1 was rejected decisively. That points to a retest of the other extreme Y+1 quickly as long as the midpoint / Y-0 area acting as support.
Ninja was partially affected by the events in Syria at the moment thus it will swing more in sync with the other majors against US dollar as oppose to doing its own thing.
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
Lawrence's Comment
Recap
Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed ...
Lawrence's Comment
Recap
Monday FBO Y+1 gave us gap down to Y-0 which opened the door to Y-1. Y-1 tagged with strong reaction to push back up to challenge the open gap ...
USDJPY Sep 02 to Sep 06 Outlook
Lawrence’s Comment
Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint.
Outlook
Y-1 was rejected decisively. That points to a retest of the other extreme Y+1 quickly as long as the midpoint / Y-0 area acting as support.
Ninja was partially affected by the events in Syria at the moment thus it will swing more in sync with the other majors against US dollar as oppose to doing its own thing.
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