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
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to ...
Lawrence's Comment
Recap
The intervention I've been talking about happened. It illustrates why we cannot trade the short side of this pair when it was drifting downward as we cannot tell ...
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 Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Y-0 not acting as resistance, giving the pair a chance to bottom out at Y-1. Closed the week above midpoint and below Y-0.
Outlook
Clear rejection of Y-1 area a 2nd time, opening the door to retest B+1 and likely to challenge Y+1 / B+2 again.
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