Recap Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
Lawrence's Comment
Recap
Aussie could not push higher as expected and dropped back down to retest Y-1. Y-1 rejected, gave us target Y-0 and the double bottom gave us target at the ...
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 page
Trading 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
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 Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and closed the week at midpoint.
Outlook
A bottom formation from B-0 or B-1 will lead to a minimum of retesting B+2.
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