Recap As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.
Outlook Easy long last week does not translate automatically into easy long this week. The bias is tilted towards holding B-0 for a run back up to Y+1 with target B+2.
B-0 down to Y-1 strong support. Must hold for the base to be built properly.
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
Up trend line on 4 hour breached early in the week. This led to Y-1 and a test of the wide range bar below where the breakout started 2 ...
USDJPY Aug 05 to Aug 09 Outlook
Lawrence’s Comment
As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.
Outlook
Easy long last week does not translate automatically into easy long this week. The bias is tilted towards holding B-0 for a run back up to Y+1 with target B+2.
B-0 down to Y-1 strong support. Must hold for the base to be built properly.
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