Recap Tight range sideway market. Made new low by end of the week. Closed the week above Y-1.
Outlook As expected we got more weaknesses in ninja but there was no real breakdown either.
Normally, a flush to B-2 is expected. But this time, we have the all important 78 level in play. So a strong bounce off Y-1 / B-1 area points to a quick squeeze back up to B+2.
Lawrence's Comment
Recap
Expected more downside last week and it looked like it was about to happen with the bear flag setup into Wednesday. Then everything changed by the eco report. Euro ...
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 Sep 03 to Sep 07 Outlook
Lawrence’s Comment
Tight range sideway market. Made new low by end of the week. Closed the week above Y-1.
Outlook
As expected we got more weaknesses in ninja but there was no real breakdown either.
Normally, a flush to B-2 is expected. But this time, we have the all important 78 level in play. So a strong bounce off Y-1 / B-1 area points to a quick squeeze back up to B+2.
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