Recap As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.
Outlook Easy long last week does not translate automatically into easy long this week. The bias is tilted towards holding B-0 for a run back up to Y+1 with target B+2.
B-0 down to Y-1 strong support. Must hold for the base to be built properly.
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
Sell setup from Y-0 to downside target at Y-2 in 1 go. Easiest play for the week. Y-2 did not hold up for long. Closed the week below Y-2 ...
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 The red and yellow zone from last weekly outlook pretty much captured the complete range of ES, not bad. The additional resistance area at 1180 ...
USDJPY Aug 05 to Aug 09 Outlook
Lawrence’s Comment
As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.
Outlook
Easy long last week does not translate automatically into easy long this week. The bias is tilted towards holding B-0 for a run back up to Y+1 with target B+2.
B-0 down to Y-1 strong support. Must hold for the base to be built properly.
Share