Recap Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week at Y+2.
Outlook Bull swing in full force will continue until at least one week pulling back to B-1 first.
Again, looking for consolidation around B+1 with slight bias towards a pullback to 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
Target of 1.20 tagged early in the week. Then SNB mess sent this back down to Y-0 support. A squeeze was launched with parabolic target at Y+3 tagged by ...
USDJPY Feb 04 to Feb 08 Outlook
Lawrence’s Comment
Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week at Y+2.
Outlook
Bull swing in full force will continue until at least one week pulling back to B-1 first.
Again, looking for consolidation around B+1 with slight bias towards a pullback to B-0.
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