Recap As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint and also Y-0.
Outlook Yen is officially moving into a tight triangle formation on weekly chart. Until a breakout of the range established within the past 3 weeks, there will be no strong moves to trade.
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
Best move of the week. Held the support I was looking for hence daily uptrend defended. Short term shorts all fried on news shock. Sometimes we have ...
Lawrence's Comment
Recap
Got upside breakout yet stopped in the middle of the move. 2nd try to push higher failed to clear the week high. Once Y+1 was breached, stops were raided ...
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 Jun 27 to Jul 01 Outlook
Lawrence’s Comment
As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint and also Y-0.
Outlook
Yen is officially moving into a tight triangle formation on weekly chart. Until a breakout of the range established within the past 3 weeks, there will be no strong moves to trade.
Share