Recap As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The support level mentioned last week holds.
Outlook As long as B-1 acts as support, a retest of B+1 is in order. The more interesting scenario is that upon testing B-0 to Y+1, we get a lower high selloff to break B-1. Should that happens, B-3 is the target.
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Lawrence's Comment
Recap
NQ was the strongest going into the week and its strength helped staging a double bottom right from the beginning of the week to break above Y+1 ...
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 Feb 21 to Feb 25 Outlook
Lawrence’s Comment
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The support level mentioned last week holds.
Outlook
As long as B-1 acts as support, a retest of B+1 is in order.
The more interesting scenario is that upon testing B-0 to Y+1, we get a lower high selloff to break B-1. Should that happens, B-3 is the target.
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