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 yen failed to escape out of the range established in the past few weeks. Tried to take out Y+2 and failed. Fell ack down 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
Lawrence's Comment
Recap
Loonie breaking above Y+1 giving us immediate target of Y+2. Tagging Y+2 was all it got as it is still trapped inside the same multiple weeks range ...
USDJPY Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low.
Outlook
The expectation of retesting Y-1 is still in play. Support at Y-1 / B-2 will give us a strong bottom for retest of Y-0 / B+1 quickly.
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