Recap Ninja took off as expected. All the way pushing near 1.06 target too until stopped by Y+5. Closed the week above Y+3 and near midpoint.
Outlook 200% range expansion with 2nd push likely stop run. It will take some time for ninja to absorb this up run before it will decide if it needs a pullback on weekly or not. Consolidation this week likely around B-0.
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
Mentioned last week looking for a top to form after upside target Y+2 is tagged. Got the rally and stopped when 100% absolute range expansion is reached. ...
USDJPY Sep 08 to Sep 12 Outlook
Lawrence’s Comment
Ninja took off as expected. All the way pushing near 1.06 target too until stopped by Y+5. Closed the week above Y+3 and near midpoint.
Outlook
200% range expansion with 2nd push likely stop run. It will take some time for ninja to absorb this up run before it will decide if it needs a pullback on weekly or not. Consolidation this week likely around B-0.
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