Recap As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now.
Outlook Weak but also potential long term bottom in the making. All depends on the reaction to this support level.
Personally will sit out on longer term trades this week (i.e. beyond daytrading) because more news shock from US government is guarantee to spin everything out of control.
Lawrence's Comment
Recap
Support at previous week close gave Dow a platform to go higher. Target Y+2 tagged and then a stop run overnight zoomed YM higher and then collapsed back down ...
Lawrence's Comment
Recap
As projected last week, a test of resistance first and then a drop to target below. Very orderly. Closed the week above midpoint and Y-1.
Outlook
Support zone acted ...
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 Aug 01 to Aug 05 Outlook
Lawrence’s Comment
As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now.
Outlook
Weak but also potential long term bottom in the making. All depends on the reaction to this support level.
Personally will sit out on longer term trades this week (i.e. beyond daytrading) because more news shock from US government is guarantee to spin everything out of control.
Share