Recap Wait and see mode as mentioned last week. Previous week close acted as support sending ninja back up to Y-0 and then back up to the crime scene right below Y+1 from the week before. Closed the week above Y-0 and B-0.
Outlook Inside week gives us breakout mode with bias to the upside. Breakout target B+3 and above.
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
Pullback started. Dropped close to 77. Not quite 76.5 support zone yet.
Outlook
If USDJPY is doing a spike and ledge like the previous invention, then 76.5 would not hold ...
Lawrence's Comment
Recap
ES gapped higher and zoomed to Y+2 right from the start. This opened the door to gap and go week with Y+3 target. ES traded in tight range drifting ...
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
As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low.
Outlook
1.33 target still ...
According to the latest report from Bloomberg, the official WM/Reuters rates are rigged for a long time. The article is a good read for any forex traders not aware of ...
USDJPY Sep 14 to Sep 18 Outlook
Lawrence’s Comment
Wait and see mode as mentioned last week. Previous week close acted as support sending ninja back up to Y-0 and then back up to the crime scene right below Y+1 from the week before. Closed the week above Y-0 and B-0.
Outlook
Inside week gives us breakout mode with bias to the upside. Breakout target B+3 and above.
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