Recap Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook Long term bias to move higher is now used up. Switching to long term consolidation or potential topping mode. Without the long term bias supporting ninja, it can easily fall back down to 82-83 level on no news or other catalyst.
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
Recap of last week As expected, rally in USDJPY continued last week. It failed to tag previous month high, however, making it difficult to tell if it is more ...
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
Bearish scenario unfolded exactly as predicted. Downside target B-2 tagged and closed the week below Y-1.
Outlook
A retest of B-1 is likely. B-0 should act as resistance until B-1 ...
USDJPY Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Has been talking about this 86-88 long term target for months. Finally there thanks to the new government. Closed the week above Y+3.
Outlook
Long term bias to move higher is now used up. Switching to long term consolidation or potential topping mode. Without the long term bias supporting ninja, it can easily fall back down to 82-83 level on no news or other catalyst.
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