Lawrence's Comment
Recap
Congestion between Y-0 and Y+1 as expected.
Outlook
It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...
Lawrence's Comment
Recap
Reversal expectation played out. Euro rejected Y-1 and zoomed above Y+1 right after FOMC announcement. Strong reaction above Y+1. Closed the week above Y-0 and midpoint.
Outlook
Although euro ...
Lawrence's Comment
Recap
Consolidation as expected with a very thin up channel in place all week. Spike breaks of the channel all failed throughout the week. Closed the week near Y+1 and ...
Lawrence's Comment
Recap
Down side push resulted in a clean break out down to Y-2 target. Immediately price snap back above Y-1 and staged a run to Y+1 from the FBO against ...
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 May 18 to May 22 Outlook
Lawrence’s Comment
Dropped to Y-1 as expected. Bounced back immediately. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint.
Outlook
4 Hour down channel established. Until break out of the structure, ninja will follow the channel play script.
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