Recap News shock moved the pair wildly and that led to G7 intervention. Closed the week below Y-2.
Outlook There are still too many variables affecting the short term (hourly) volatility. Not a good idea to trade on this pair until the current crisis settledown.
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
No extra intervention, so euro has to return to where the breakout started around Y-1. Closed the week at midpoint.
Outlook
No strong directional bias building up.
Slight edge for ...
Lawrence's Comment
Recap
Y-1 tagged and defended. Slow drift back up to Y-0 as expected. Closed the week below Y-0 and near midpoint.
Outlook
Retest Y-1 likely. Y-1 / B-1 support will ...
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 Mar 21 to Mar 25 Outlook
Lawrence’s Comment
News shock moved the pair wildly and that led to G7 intervention. Closed the week below Y-2.
Outlook
There are still too many variables affecting the short term (hourly) volatility. Not a good idea to trade on this pair until the current crisis settledown.
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