Recap Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush straight down to 100% range expansion. Closed the week below Y-4 and near week low.
Outlook News shock points to potential bounce back up to crime scene above at Y-2 if ninja manages to hold B-1 with w. spring actions.
Lawrence's Comment
Recap
Beautiful spike reversal with follow thru. Cannot stop dropping until after 200% range expansion / Y-5. Closed the week near Y-5 and week low.
Outlook
ECB's actions are intentional ...
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 the flush from the week prior to last did not produce more down side extension. Consolidated around Y-1 and Y-0. Closed the week above midpoint ...
Lawrence's Comment
Recap
Compression all week simply swinging around Y-0. Closed the week above Y-0 and midpoint.
Outlook
Inside week with tight range gives us breakout mode. Clearing the 3 week upper ...
USDJPY Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Upside breakout right from the start. Failing to hold above Y+1 gave us FBO play for Y-1 and below. Y-1 resistance by end of week gave us a flush straight down to 100% range expansion. Closed the week below Y-4 and near week low.
Outlook
News shock points to potential bounce back up to crime scene above at Y-2 if ninja manages to hold B-1 with w. spring actions.
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