Recap Was looking for signs of weekly up trend to be defended and we got it last week. Y-1 / previous week close acted as support and sent ninja back to near Y+1. Closed the week above Y-0 and midpoint.
Outlook Inside week with both midpoints at about same level. Upside breakout points to a run to at least B+2 and potentially B+3.
Lawrence's Comment
Recap
Right from the start of the week, the up trend was almost broken by the gap down. Dow magically holding the important swing low I mentioned last week and ...
Recap of last week Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end ...
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 Jun 29 to Jul 03 Outlook
Lawrence’s Comment
Was looking for signs of weekly up trend to be defended and we got it last week. Y-1 / previous week close acted as support and sent ninja back to near Y+1. Closed the week above Y-0 and midpoint.
Outlook
Inside week with both midpoints at about same level. Upside breakout points to a run to at least B+2 and potentially B+3.
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