Recap Consolidated above Y+1 as expected. Held the support mentioned last week. Rallied to new high by end of the week. Easy week indeed. Closed the week near week high and above Y+1.
Outlook Tagging Y+2 to B+2 is expected early next week. There is not much resistance beyond B+2 so it is not a good idea to counter this up swing. Breaking below B-0 / Y+1 points to a pullback to B-2 area.
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
Recap of Last Week Run above yellow zone tagging prior week high. Then w. thrust against prior week high and stalled back to prior week midpoint and failed to ...
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 May 20 to May 24 Outlook
Lawrence’s Comment
Consolidated above Y+1 as expected. Held the support mentioned last week. Rallied to new high by end of the week. Easy week indeed. Closed the week near week high and above Y+1.
Outlook
Tagging Y+2 to B+2 is expected early next week. There is not much resistance beyond B+2 so it is not a good idea to counter this up swing. Breaking below B-0 / Y+1 points to a pullback to B-2 area.
Share