Recap The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint.
Outlook As explained last week, the weaknesses is expected because of the importance of 120-121, a pullback to Y-3 is more likely than not. Until ninja can clear Y-0 again a short term down trend in the making.
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
Early in the week failed to push higher, got the pullback to exactly my support and then the rally continued. Closed the week above Y+1 and near week high.
Outlook
Last ...
Lawrence's Comment
Recap
Rushed higher to Y+2 by a gap. Then failed to push higher. Filled the gap from the beginning of the week and struggled to hold Monday low since. By ...
USDJPY Jan 12 to Jan 16 Outlook
Lawrence’s Comment
The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint.
Outlook
As explained last week, the weaknesses is expected because of the importance of 120-121, a pullback to Y-3 is more likely than not. Until ninja can clear Y-0 again a short term down trend in the making.
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