Recap Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
Lawrence's Comment
Recap
Completely nailed the swings on this one. First move down to Y-1 and below. FBO there gave us a run back up to Y+1. Consolidated since around Y+1. Closed ...
Lawrence's Comment
Recap
Consolidation around Y+1 as expected. Since it is consolidation, both Y+2 and Y-0 were not tagged. Closed the week above Y+1 and midpoint.
Outlook
3rd week into this up drift formation ...
For more information about this report please refer to the Market Bias Informant page
Trading 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
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 Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Broken below Y-0 early in the week, points to a push towards Y-1. We got the drop later in the week but Y-1 was not tagged as news shock sent ninja back to Y-0 area at once. Stuck at Y-0 afterwards. Closed the week near Y-0 and midpoint.
Outlook
Midpoint at the same area 2 weeks in a row. Inside week. Breakout mode in play. We all know BOJ will intervene if ninja drop back down. That puts B-1 and below into high risk zone for shorts.
Looking for convincing action to jump on the long side.
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