Recap Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.
Outlook The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.
Holiday trading will likely bound ninja within 50% week range near the close.
Lawrence's Comment
Recap
Another easy play last week was NQ. Flushed to below Y-2 until 100% range expansion. Bounced back up to week high and found resistance there. Enough dip buyers fried ...
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
Euro slided down like cable from their own crisis rumors / news shock. Made new low against Y-1 but successfully recovered back above Y-1. Although stopped at ...
Lawrence's Comment
Recap
Pullback to my support and then continue to match higher. Stopped at 100% absolute range expansion. Closed the week near week high and above Y+1.
Outlook
A monthly breakout in the ...
USDJPY Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.
Outlook
The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.
Holiday trading will likely bound ninja within 50% week range near the close.
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