Recap Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook Long term bias to move higher is now used up. Switching to long term consolidation or potential topping mode. Without the long term bias supporting ninja, it can easily fall back down to 82-83 level on no news or other catalyst.
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
Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1.
Outlook
Inside week. ...
Lawrence's Comment
Recap
Euro held above Y-0 all week and then news shock / rumors late in the week sending it above Y+1. Closed the week below Y+1 and near ...
USDJPY Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook
Long term bias to move higher is now used up. Switching to long term consolidation or potential topping mode. Without the long term bias supporting ninja, it can easily fall back down to 82-83 level on no news or other catalyst.
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