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
Y-1 was breached in the beginning of the week but not even close to Y-2. After tagging Y-0 and failed to clear that we got it retest of Y-1 ...
Lawrence's Comment
Recap
Consolidation actions around Y+1 as expected. NFP did not produce a directional move outside of the consolidation range hence no range expansion play. Closed the week near Y+1 and ...
Lawrence's Comment
Recap
As expected, breaching Y-1 induced buying enough to take out Y-0 quickly. That was the easy part. But then cable failed to push beyond the double bottom target visible ...
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
USDJPY Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Ninja failed to hold its support. The door to Y-1 opened. 100% absolute range expansion ended the drop. Closed the week below Y-0 and midpoint.
Outlook
A shallow pullback turned into down channel. The channel would not last. A break above B-0 points to retest of B+1 and higher.
Y-1 has a good chance to be retested first even if ninja is turning bullish.
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