Recap Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
Lawrence's Comment
Recap
My bullish view is proven correct. Y+1 was tested mid week and eventually taken out by end of the week. Closed the week above Y+1.
Outlook
Weekly and monthly ...
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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
USDJPY Dec 23 to Dec 27 Outlook
Lawrence’s Comment
Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook
Rally was a result of low volume stop run. B-0 down to Y-0 has to be refilled to build a better bottom if Ninja wants to go higher. Holiday mode means mainly tight range sideway action.
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