Recap Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
Lawrence's Comment
Recap
NQ did flushed and snap back up in the beginning of the week without tagging Y-2 but failed to clear week high on Wednesday thanks to various big firms ...
Lawrence's Comment
Recap
Loonie is the odd pair this week as it is not moving with the other majors as US dollar strengthen. Since gold is all over the place ...
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
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 Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Slow drift up at 50% previous week range. After all, no one dare to challenge BOJ at this point. Closed the week near week high and above Y+1.
Outlook
Japan will have its economic report released right from the beginning of this week. Given the no contest condition, the upper boundary of the range 96-102 will be in play this week.
Rare scenario if B-0 is breached on a strong flush and turning into resistance, B-2 will be the target.
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