Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.
Outlook BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move will have to deal with the potential mini crash back down to Y-2.
Another pair not good for trading this week like euro.
Lawrence's Comment
Recap
Nailed the whiplash behaviour again. ES has to drop to almost Y-2 before support was found. ES bounced back up to its current midpoint and failed to clear the ...
Lawrence's Comment
Recap
Popped higher right from the start of the week. Pullback found support at Y+1 / previous week close pointing to Y+2 target in play. Got Y+2 and consolidated around ...
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
Drifting around Y-0 as predicted last week. Once the G7 intervention started, breakout above Y+1 and tagged Y+2 tagged. Close at the high of the week.
Outlook
If pullback to ...
Lawrence's Comment
Recap
Consolidation week with very thin volume. 50% previous week range bounded the activities. Closed the week above Y+1 and midpoint.
Outlook
Tight range week points to breakout mode in ...
Lawrence's Comment
Recap
Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook
No clear swing formation to lean on. Even last week I can tell ...
Lawrence's Comment
Recap
Failed to challenge Y-0, bias for the week to tag Y-2 materialized. At 100% absolute range expansion, cable found support and bounced back up. Closed the week below Y-1 ...
USDJPY Feb 23 to Feb 27 Outlook
Lawrence’s Comment
Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
BOJ indeed doing what they claimed and no one dares to drop ninja near 118. This is not a healthy situation though, as ninja may drift higher to 120 but any up move will have to deal with the potential mini crash back down to Y-2.
Another pair not good for trading this week like euro.
Share