Recap Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. Closed the week aobve Y-1 and B-0.
Outlook On weekly basis ninja has formed the first bottom off this pullback which may not be enough to produce a strong bottom. Expecting sideway action with more sell pressure.
Upside likely capped below B+2. When B+1 acts as resistance we should get a drop down to B-1.
Quid Piker is a mechanical forex trading system designed to trade British Pound. It is profitable consistently since it was created more than 10 years ago. It is not a ...
USDJPY Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. Closed the week aobve Y-1 and B-0.
Outlook
On weekly basis ninja has formed the first bottom off this pullback which may not be enough to produce a strong bottom. Expecting sideway action with more sell pressure.
Upside likely capped below B+2. When B+1 acts as resistance we should get a drop down to B-1.
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