Recap Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.
Outlook The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.
Holiday trading will likely bound ninja within 50% week range near the close.
Lawrence's Comment
Recap
Breakout play worked out, just to the surprise of many that it was to the upside. It is not a surprise to my premium members as they learned from ...
Lawrence's Comment
Recap
Failed to hold Y-1, got the flush to Y-3 as expected. Closed the week below midpoint and near Y-2.
Outlook
Daily uptrend is now broken. As long as B-0 ...
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
All eyes on Greece and that have effective frozen cable and euro around where they were closed the week prior. After the last minute deal was done, normal ...
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 22 to Dec 26 Outlook
Lawrence’s Comment
Ninja chose to go lower at the beginning of the week and it dropped straight down to prior support and bounced. Breaking about the resistance down trend line on multiple timeframes led to a squeeze back to resistance Y-0. Closed the week near Y-0 and week high.
Outlook
The most unusual intervention in BOJ history as they openly intervene without hiding their actions first and announce after. They are either caught by surprise or they don’t care about the pretence anymore.
Holiday trading will likely bound ninja within 50% week range near the close.
Share