Recap Ninja flirted with the lower breakout boundary all week without clearing it led to one massive upside squeeze to breakout above the upper breakout boundary. Closed the week above Y+1 and at week high.
Outlook Y+1 support with Y+3 breakout target still in play.
Lawrence's Comment
Recap
Intervention effect completely washed out in just a few days. Yen closed around Y-1.
Outlook
Complete reversal of a sharp move indicates rejection. The difficult here is that the ...
Lawrence's Comment
Recap
Y-1 held sending ninja back up to Y-0 and then Y+1. Y-0 support since helping ninja to retest and complete measured move on weekly to the upside. Closed the ...
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 09 to Feb 13 Outlook
Lawrence’s Comment
Ninja flirted with the lower breakout boundary all week without clearing it led to one massive upside squeeze to breakout above the upper breakout boundary. Closed the week above Y+1 and at week high.
Outlook
Y+1 support with Y+3 breakout target still in play.
Share