Recap Dropped to Y-1 and found support. Stopped at resistance zone mentioned last week. Closed the week below Y0 and above midpoint.
Outlook Tight range consolidation while trapped between Y-0 and B-0 points to breakout play. Failing to hold Y-1 will give us B-2 and B-3 quickly. Breakout above B+1 will give us Y+1 retest.
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
BOJ and Japanese government did not know what to do in the beginning of the week after its big corporations told them it is not a good idea to ...
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
AUDUSD Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Dropped to Y-1 and found support. Stopped at resistance zone mentioned last week. Closed the week below Y0 and above midpoint.
Outlook
Tight range consolidation while trapped between Y-0 and B-0 points to breakout play. Failing to hold Y-1 will give us B-2 and B-3 quickly. Breakout above B+1 will give us Y+1 retest.
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