Recap Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint.
Outlook Consolidation instead of pullback from blowoff action is bullish. This points to potential short squeeze into B+2 and above. Longer term targets for ninja has always been 1.08 and then 1.12. I thought ninja needs to pause at 1.08-1.09 originally. I am not so sure anymore as retail committed positions are still too bearish on ninja.
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
17000 round number / Y-2 zone proven deadly for the bears. Y-0 normal reversal target tagged quickly and caught many shorts by surprise. Open gap fill above sent Dow ...
Lawrence's Comment
Recap
As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there.
Outlook
As long as B-0 acts as ...
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 Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint.
Outlook
Consolidation instead of pullback from blowoff action is bullish. This points to potential short squeeze into B+2 and above. Longer term targets for ninja has always been 1.08 and then 1.12. I thought ninja needs to pause at 1.08-1.09 originally. I am not so sure anymore as retail committed positions are still too bearish on ninja.
Share