Recap Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook 3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
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
Volatility picked up as expected. Dropped to Y-3 and bounced. Zoomed back up to previous year close and have that taken care of. Closed the week near Y-1 and ...
Lawrence's Comment
Recap
I was expecting something like what happened to Dow and instead got a run like NQ. ES started out the week defending Y+1 and then pushed higher to tag ...
USDJPY Aug 12 to Aug 16 Outlook
Lawrence’s Comment
Support area did not hold and gave us a break down instead. Slided down to Y-2 the usual downside target. Closed the week below Y-2 and midpoint.
Outlook
3rd push down on 4 hours and daily. If ninja can pop back above B-0, will be interested in jumping on board the long side after B-0 acting as support. Upside target B+2.
As long as B-0 acting as resistance, too many trapped bulls will make it difficult to get any meaningful rally.
Seasonal bias in force. Premium member can check out the seasonal chart on signal page for more info.
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