Recap Instead of a quite week, we got Japanese officials who refused to shutup. That guaranteed the flush to new low for us when ninja failed to clear the pre-breakdown level. Closed the week below Y-1 and near week low.
Outlook Long term support around 92.
Intervention at B-1 will send it back up to B-0 easily. As long as B-0 upto Y-0 acting as resistance, I think ninja has to move down to 92 first before bottoming out on weekly basis.
Lawrence's Comment
Recap
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
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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
As expected no major breakout to the upside and stuck within previous week range. Closed the week near Y-0.
Outlook
Closed another week near the same spot again. Until ...
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
Consolidation at reduced range as expected. Closed the week below Y+1 and above midpoint.
Outlook
More upside likely after consolidation. FBO against Y+1 / B+1 zone will give us ...
USDJPY Jun 17 to Jun 21 Outlook
Lawrence’s Comment
Instead of a quite week, we got Japanese officials who refused to shutup. That guaranteed the flush to new low for us when ninja failed to clear the pre-breakdown level. Closed the week below Y-1 and near week low.
Outlook
Long term support around 92.
Intervention at B-1 will send it back up to B-0 easily. As long as B-0 upto Y-0 acting as resistance, I think ninja has to move down to 92 first before bottoming out on weekly basis.
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