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
Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at ...
Lawrence's Comment
Recap
S&P followed the path of Dow instead of what its price pattern suggested. Clear signs that shorts are squeezed and forced to give up. Closed the week above Y+1 ...
Lawrence's Comment
Recap
As expected, a rally above Y-0 led to tagging of Y+1. That, however, failed to hold above Y-0 as support for any further upside. Closed the week below ...
Lawrence's Comment
Recap
Rallied 1st to Y+1 without testing Y-0 set the stage for FBO back down to Y-1. Y-1 cleared with no resistance at all. Landed at Y-2 normal downside target. ...
USDJPY Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Y-1 acted as support and sent this back up to Y-0 resistance. Closed the week near Y-0 and above midpoint.
Outlook
B-0 / Y-0 zone potential support for breakout play above B+1 with targets B+2 and B+3.
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