Recap Once Y-0 was breached, we get our target Y-2. Pretty easy, isn’t it?
Outlook B-1 is potentially a strong support level as many shorts are trapped underneath. If B-1 acts as support early next week, B-0 will be tested. That is the tell tale zone whether this rally has legs.
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
Breakout to the upside. Tagged Y+3 target and then Y+4 stopped the run. Closed the week near Y+3.
Outlook
Euro back to longer term resistance area. If Euro failed ...
Lawrence's Comment
Recap
Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near ...
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 18 to Apr 22 Outlook
Lawrence’s Comment
Once Y-0 was breached, we get our target Y-2. Pretty easy, isn’t it?
Outlook
B-1 is potentially a strong support level as many shorts are trapped underneath.
If B-1 acts as support early next week, B-0 will be tested. That is the tell tale zone whether this rally has legs.
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