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
More downside, 50% week range in consolidation style. Closed the week below Y-1 and midpoint.
Outlook
Unusual moves from ECB to ensure euro drops more. Remember the original acceptable range as ...
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 Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Pullback as expected yet Y-0 support led to breakout to the upside with a run to print week high. Closed the week above Y-0 and midpoint.
Outlook
Potential complex top in the making, if FBO against Y+1 without tagging B+2, a drop back down to Y-1 likely.
Without a failure to clear Y+1, up trend intact with B+2 and above in play.
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