Lawrence's Comment
Recap
Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation around B+1 likely until NFP Friday.
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
USDJPY Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low.
Outlook
The expectation of retesting Y-1 is still in play. Support at Y-1 / B-2 will give us a strong bottom for retest of Y-0 / B+1 quickly.
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