Recap Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook Weekly pullback structure intact. Another range bounded week in play.
Lawrence's Comment
Recap
As explained last week that option expiration weeks operate with a different set of rules. Dow could not clear the upper boundary as expected and suddenly dropped back down ...
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
Beautiful perfect drop to Y-2 and staged a bounce from there as expected. Who says we cannot tell where the markets are heading? Closed the week below Y-0 and ...
Lawrence's Comment
Recap
Y-0 resistance gave us test of Y-1 and it was cleared with the added bonus of clearing the support trend line formed over the past 2 weeks. Normal target ...
USDJPY Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Consolidation expectation worked out nicely. Ninja zoomed to Y+1 and found resistance. After 2nd try at Y+1 and failed to clear the stage was set for a drop back below Y-0. Closed the week below Y-0 and near week low.
Outlook
Weekly pullback structure intact. Another range bounded week in play.
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