Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
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
As expected, bulls tried hard right from the beginning of the week gapped Dow higher yet failed to turn around the established down trend. Dow dropped to Y-1 and ...
USDJPY Jun 08 to Jun 12 Outlook
Lawrence’s Comment
Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint.
Outlook
Daily ledge upside push points to more upside is likely. Momentum on daily depends heavily on stop run at this point. As long as B-1 acting as support, up trend intact on daily.
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