Recap Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
Lawrence's Comment
Recap
As expected ninja zoomed higher and got the main upside target Y+2. Ninja stalled back down quickly right after. Closed the week below Y+1 and near week low.
...
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
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 Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook
Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
Share