Recap Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
Lawrence's Comment
Recap
Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook
As stated previously, further weaknesses is expected. The past week formed a bear flag (or ...
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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 Sep 12 to Sep 16 Outlook
Lawrence’s Comment
Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near midpoint.
Outlook
Y-0 / B-0 resistance for retest of Y-1 / B-1. Clearing Y-0 points to test of Y+1 and range expansion towards B+2.
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