Recap Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
Lawrence's Comment
Recap
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week ...
Lawrence's Comment
Recap
Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed ...
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
Auto chart generator encountered some problem and failed to produce the ES chart for this week. Refer to the Dow chart as they look very similar for the past week.
Lawrence's ...
Lawrence's Comment
Recap
Short squeeze triggered after ninja refused to go below Y-0 at all. Then normal upside expansion to Y+2 before it stopped. Closed the week near week high and below ...
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 Feb 14 to Feb 18 Outlook
Lawrence’s Comment
Text book pullback to Y-0 and rallied to 200% expansion target. Hope everyone who have read the outlook from last week hopped on the train.
Outlook
B+1 is target zone for multiple timeframes (daily, weekly, monthly). Thus retracement is expected on this pair. How far it is going to pullback will tell us the strength of this pair. If this coming week it stays at Y+2 or above, another leg taking it higher is expect.
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