Recap A higher high and higher low on weekly finally formed.
Outlook As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place. Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
Lawrence's Comment
Recap
NQ dropped initially as expected but it failed to tag Y-2 and a forced FBO led to a quick run above Y+1. Yet, NQ could not stay above Y+1 ...
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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
Consolidation above former weekly resistance level. 100% absolute range bounded the moves. Closed the week above Y-0 and midpoint.
Outlook
Weekly level bull flag is now in place. A ...
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 Nov 28 to Dec 02 Outlook
Lawrence’s Comment
A higher high and higher low on weekly finally formed.
Outlook
As long as Y-1 acts as support, we have a confirmed long term bottom for the pair in place.
Short term, however, clear 3 pushes up points to a pullback to Y-0 to Y+ 1 area is in play.
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