Recap Rallied to Y+2 as expected after breakout of Y+1 and that it turns into support. Closed the week near Y+2 and week high.
Outlook Rising wedge on 4 hour is not that bullish. A slightly higher higher above B+1 with immediate reversal will give us Y+1 target to the down side.
Lawrence's Comment
Recap
Snapped back up to Y-0 as predicted. Failed to hold above Y-0 and falled back down to Y-1. Effectively consolidated within Y-1 to Y-0 area. Closed above midpoint ...
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
Euro dropped to Y-1 and found support right below. 4 hour bottom from there sent euro back up to near Y+1. Euro paused when it reached 100% absolute range ...
USDJPY Jul 20 to Jul 24 Outlook
Lawrence’s Comment
Rallied to Y+2 as expected after breakout of Y+1 and that it turns into support. Closed the week near Y+2 and week high.
Outlook
Rising wedge on 4 hour is not that bullish. A slightly higher higher above B+1 with immediate reversal will give us Y+1 target to the down side.
Share