Recap No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
Lawrence's Comment
Recap
Y-1 test resulted in a higher low rally. The break above Y+1 cleared the major resistance level established over the past few weeks. Closed the week at the ...
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
As expected, Aussie continue to move lower until almost tagging Y-3. Closed the week near Y-2 and below midpoint.
Outlook
A potential short term low is in the making. If Aussie ...
Lawrence's Comment
Recap
Wild consolidation indeed. Aussie spiked up and down around Y+1 as expected and ended the week lower above Y-0 and near week low.
Outlook
Price above Y+1 is now decisively rejected. ...
USDJPY Sep 15 to Sep 19 Outlook
Lawrence’s Comment
No consolidation whatsoever as Abe and BOJ worked together with one announcement after another to make sure ninja going higher. Break out play tagged normal Y+3 target. Closed the week at Y+3 and near week high.
Outlook
Ninja moving higher in a channel. Well structured channel do not last. FBO against B+1 will give us a pullback to B-0.
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