Recap Previous week close resistance dropped ninja back down to Y-0. Attempt to hold above 120 failed and led to further pullback down to below 119. Closed the week near Y-0 and week low.
Outlook Inside week with close near Y-0 can be the sign of reaching equilibrium. As many players flushed out of positions 2 weeks ago. It is not clear which direction ninja will go until long term players taking a side. Wait and see mode.
Lawrence's Comment
Recap
Bearish bias carried NQ lower until 100% absolute range expansion was reached off the first reaction to FOMC news shock. Then all indices took off. By Friday, we got ...
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 07 to Sep 11 Outlook
Lawrence’s Comment
Previous week close resistance dropped ninja back down to Y-0. Attempt to hold above 120 failed and led to further pullback down to below 119. Closed the week near Y-0 and week low.
Outlook
Inside week with close near Y-0 can be the sign of reaching equilibrium. As many players flushed out of positions 2 weeks ago. It is not clear which direction ninja will go until long term players taking a side. Wait and see mode.
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