Recap News shock moved the pair wildly and that led to G7 intervention. Closed the week below Y-2.
Outlook There are still too many variables affecting the short term (hourly) volatility. Not a good idea to trade on this pair until the current crisis settledown.
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
Lawrence's Comment
Recap
Y-0 resistance sent ninja down to Y-1. Y-1 failed to hold it up and led to a slide down to Y-2 and a retest of the spike low at ...
Lawrence's Comment
Recap
As mentioned last week, cable has little room for pullback if it is really going higher. Well, the bullish pattern gave cable enough strength to consolidate around Y-0. Closed ...
Lawrence's Comment
Recap
Intervention as expected. Forced ninja back up to Y+1 before it stalled. Closed the week near week high.
Outlook
Consolidation after 2 weeks of wild swings is likely. As ...
USDJPY Mar 21 to Mar 25 Outlook
Lawrence’s Comment
News shock moved the pair wildly and that led to G7 intervention. Closed the week below Y-2.
Outlook
There are still too many variables affecting the short term (hourly) volatility. Not a good idea to trade on this pair until the current crisis settledown.
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