Recap Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
Lawrence's Comment
Recap
Took another 50% expansion to finish majority of the shorts. Ninja reacted to Y+2 and stuck there since. Closed the week above Y+1 and midpoint.
Outlook
Initial shock and ...
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
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 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook
A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
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