Lawrence's Comment
Recap
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
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
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 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting as support.
Short side will be difficult to trade from this level because it is sitting at the extreme level where G8 intervention happened last time.
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