Trading Edges That Last
- You May Also LikeFor 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 scheduleREAD MOREFor 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 scheduleREAD MORE
Lawrence's Comment Recap Y-0 acted as support and closed the week above Y+1. Outlook Consolidation after a strong rally is normal. breakout above Y+1 to B+1 will give us B+3 target. Failure ...READ MORELawrence's Comment Recap Just like the forex majors, Dow jumped higher right from the start and stayed there til Fed announcement. The odd thing though, is that the jump did not result ...READ MOREPrecog Vision – Forex 2016-10-20USDCAD Oct 11 to Oct 15 Outlook3DP Odds Table (USDJPY) 2019-09-20Precog Vision – Forex 2022-8-23USDJPY Aug 24 to Aug 28 OutlookEURUSD Sep 27 to Oct 01 OutlookAUDUSD Oct 24 to Oct 28 OutlookIntraday Cycle Projection (USDJPY) 2012-01-12Dow 30 Sep 23 to Sep 27 OutlookHot n Cold (USDJPY) 2012-9-28
As Featured In
USDJPY Jul 22 to Jul 26 Outlook
Lawrence’s Comment
Consolidation as expected. 50% previous week range around Y-0. Closed above Y-0 and midpoint.
Outlook
As mentioned last week, “it looks like weekly level pullback but should be treated as consolidation”. The reason is simple – BOJ and Japanese government is pretty determined to keep the course of ninja staying at a level higher than 98. Until this policy has changed (e.g. very bad side effects experienced), it will be difficult for ninja to break the 98 floor.
So far ninja is in a daily level bear flag. As long as B+1 acts as resistance, a break of B-0 is likely with retest of B-1 as the target.
Share