Lawrence's Comment
Recap
Pullback to B-0 as expected. Basing action as well. Closed the week at Y+1 / midpoint.
Outlook
Not clear at all. The basing action can be viewed as a ...
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
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to ...
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 25 to Jul 29 Outlook
Lawrence’s Comment
Previous week close support helped sending ninja higher. Consolidation week actions since. Closed the week near Y+1 and midpoint.
Outlook
Consolidation around Y+1 after a strong rally is bullish. As long as B-2 / Y-0 holds up, retest of B+1 likely.
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