Recap Ninja rising wedge into 110 before breaking the support which points at the target of below Y-1. Y-1 reached and 1.08 right below promptly defended it with an all out bounce. Closed the week above Y+1 and midpoint.
Outlook Outside week up close above previous week range is supposedly bullish. But the way it was done by ninja has used a lot of its fuel to go up which translate to weaken push higher.
Ninja may have to consolidate around week close at 50% range before it can resume its push going higher into the next upside target of 1.12.
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
Break out above Y+1 from Y-0 gave us Y+2 target. Tagged Y+2 and filled 2 gaps above in 1 go. Then Dow just fall and failed to hold ...
Lawrence's Comment
Recap
Selloff target Y-2 tagged first thing of the week. W. spring against Y-2 sent NQ back above Y-1. Again, another spring from Y-1 sent NQ up and gap ...
USDJPY Oct 06 to Oct 10 Outlook
Lawrence’s Comment
Ninja rising wedge into 110 before breaking the support which points at the target of below Y-1. Y-1 reached and 1.08 right below promptly defended it with an all out bounce. Closed the week above Y+1 and midpoint.
Outlook
Outside week up close above previous week range is supposedly bullish. But the way it was done by ninja has used a lot of its fuel to go up which translate to weaken push higher.
Ninja may have to consolidate around week close at 50% range before it can resume its push going higher into the next upside target of 1.12.
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