Recap Early in the week failed to push higher, got the pullback to exactly my support and then the rally continued. Closed the week above Y+1 and near week high.
Outlook Last week turned out to be easier to trade than originally thought. I guess the grand posturing of Japan officials and BOJ has now been taken into account by most traders hence the clean moves to exact support.
Notice 88 suport is now created as the new floor level to protect ninja from going lower. This level is the new weekly support zone that has to hold for the rally to continue.
Lawrence's Comment
Recap
Gap down open led to an all out rally defending Y-0. The surprise move to many was good enough to get Y+1 early in the week. ES holding above ...
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
Consolidation around Y+1 with 50% range as expected. Closed the week at the week high.
Outlook
No real weaknesses showing in the chart yet. Sell setup on 4 hours can ...
USDJPY Jan 28 to Feb 01 Outlook
Lawrence’s Comment
Early in the week failed to push higher, got the pullback to exactly my support and then the rally continued. Closed the week above Y+1 and near week high.
Outlook
Last week turned out to be easier to trade than originally thought. I guess the grand posturing of Japan officials and BOJ has now been taken into account by most traders hence the clean moves to exact support.
Notice 88 suport is now created as the new floor level to protect ninja from going lower. This level is the new weekly support zone that has to hold for the rally to continue.
Looking for consolidation around B+1 this week.
Share