Recap Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook The range matching that of the one before the breakout points to strong continuation potential. Should euro bounces, ninja is the exit point of the international money flow which points to much higher price level quickly. 1.06 is next stop on weekly.
Lawrence's Comment
Recap
What resistance? Y-0 did not even give cable a pause when it shot up from previous week close. That opened the door to Y+1. Cleared Y+1 midweek. ...
Lawrence's Comment
Recap
Unlike NQ, Dow refused to even consolidate below Y+1. Instead it popped higher and sit above Y+1. Eventually that led to the upside breakout and doubled the range 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
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 01 to Sep 05 Outlook
Lawrence’s Comment
Consolidation around the closing price as expected. It is within the 100% range of the week before last too. Closed the week below Y-1 and above midpoint.
Outlook
The range matching that of the one before the breakout points to strong continuation potential. Should euro bounces, ninja is the exit point of the international money flow which points to much higher price level quickly. 1.06 is next stop on weekly.
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