Recap Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
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
Got the pullback as expected. Found support from previous breakout area. Closed the week near Y-0.
Outlook
More consolidation / pullback until the multiple weeks rally is absorbed.
Gaps ...
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 12 to Sep 16 Outlook
Lawrence’s Comment
Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook
Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
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