Recap As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
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
Lawrence's Comment
Recap
Downside bias worked out with Y-2 tagged mid week. Bounced off Y-2 and failed to clear Y-1. Closed the week at week low and Y-2.
Outlook
US dollar has strengthen to ...
Lawrence's Comment
Recap
A bounce was expected as mentioned last week but the selloff part never happened as central banks around the world decided to interupt the normal functioning of ...
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 Nov 21 to Nov 25 Outlook
Lawrence’s Comment
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
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