Recap Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
Lawrence's Comment
Recap
Confirmed FBO on Monday gave us the bias for a move down to Y-1. Sold off from a lower high against Y+1 and dropped down to Y-1 smoothly as ...
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
Consolidation around previous week close. Pretty standard reaction to a huge run. Closed the week below Y+1 and midpoint.
Outlook
A huge void zone was created below where there was not ...
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
Lifted higher to resistance before the test of Y-1, giving it enough fuel to break below Y-1 for 100% absolute range expansion before stopping. Closed the week at ...
USDJPY Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook
Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
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