Recap Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook More upside expected. Consolidation / pullback to Y+2 is reasonable.
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
USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Gap down to Y-1 giving us the perfect setup to produce the strong daily bottom mentioned last week. Clean reversal with breakout of Y+1 gave us Y+3 easily. Closed the week near Y+3 and week high.
Outlook
More upside expected. Consolidation / pullback to Y+2 is reasonable.
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