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, a bounce to Y-0 could not be avoided and that it would not stop the bounce also materialized. The interesting thing is that it was done through ...
Lawrence's Comment
Recap
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near ...
Lawrence's Comment
Recap
Y-1 FBO led to a bounce back up to resistance below Y-0. 2nd attempt at Y-1 gave us a clean drop to below Y-2 and 100% absolute range expansion ...
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, Loonie consolidated within the tight range mentioned last week. By end of week, after support was found, this pair drifted back up to near Y+1 before stalling. ...
USDJPY Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Y-1 tagged and defended. Slow drift back up to Y-0 as expected. Closed the week below Y-0 and near midpoint.
Outlook
Retest Y-1 likely. Y-1 / B-1 support will produce a strong daily level bottom.
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