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
B-0 failed to act as support on pullback leading to a flush back down to Y-1. News shock played a big role on the flush though. Closed ...
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
Recap of last week Pullback as expected. Reacted wildly between 1.61 and 1.60. It is a fight to continue the expansion to the upside - 1.60 is the previous ...
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
Moved higher to 1.12 as expected. A steep pullback to Y-0 too as if following the script. Y-0 support gave us a run to 100% absolute range expansion. Closed ...
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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