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.
Lawrence's Comment
Recap
Pulled back to slightly below Y-0 and bounced off. Retest of Y+1 did not quite make it there. Closed the week above midpoint and Y-0.
Outlook
Inside week with ...
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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