Recap As expected Ninja popped slightly higher and stalled. Consolidation with 50% range. Closed the week above Y-0 and belo w midpoint.
Outlook It takes time to absorb the rally. Pullback on daily in progress and a drop to Y-0 / B-2 is not a surprise. As long as the pullback can hold within the top part of the rally it points to more upside on weekly.
Lawrence's Comment
Recap
Breakout to the downside. Completed 200% range expansion then bounced. Closed at Y-3.
Outlook
Back to long term support zone 76-78 again. Consolidation below B-0 is expected with downside ...
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
It has been a year since I published the Quid Piker trading system for British Pound. I guess it is a good time to review the model and discuss about ...
Lawrence's Comment
Recap
Consolidation week at 50% range. 1780 magic #. Due to overnight news shock all week, we observed surprise breakout plays almost everyday last week. Yet, S&P was still bounded ...
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 Jul 27 to Jul 31 Outlook
Lawrence’s Comment
As expected Ninja popped slightly higher and stalled. Consolidation with 50% range. Closed the week above Y-0 and belo w midpoint.
Outlook
It takes time to absorb the rally. Pullback on daily in progress and a drop to Y-0 / B-2 is not a surprise. As long as the pullback can hold within the top part of the rally it points to more upside on weekly.
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