Recap No FBO so trend continue until 100% absolute range expansion tagged. Closed the week above Y+2 and midpoint.
Outlook A clear sign of stop run happen around 108 which was the recommended stop from many firms. This implies short term swing top is in the making with a pullback to Y+1 and below likely.
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
USDJPY Sep 22 to Sep 26 Outlook
Lawrence’s Comment
No FBO so trend continue until 100% absolute range expansion tagged. Closed the week above Y+2 and midpoint.
Outlook
A clear sign of stop run happen around 108 which was the recommended stop from many firms. This implies short term swing top is in the making with a pullback to Y+1 and below likely.
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