Recap Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is 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
Lawrence's Comment
Recap
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of ...
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 Aug 26 to Aug 30 Outlook
Lawrence’s Comment
Ninja held Y-0 and rallied as expected. Disappointed though that it failed to tag Y+2. Could not even make it to 100% absolute range expansion. Closed the week at Y+1 and above midpoint.
Outlook
An up trend is now in place for 4 hours and daily. As long as Y-0 upto B-0 acting as support, one more push higher is likely.
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