Trading Edges That Last
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Lawrence's Comment Recap As expected Y-0 area becomes the platform for a run towards Y+2. Paused there for a quick test of Y+1 and then another pop higher. Closed the ...READ 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 MORE3DP Odds Table (USDJPY) 2022-03-17Intraday Cycle Projection (USDJPY) 2023-03-07Precog Vision – Forex 2013-5-16S&P 500 Sep 04 to Sep 08 OutlookUSDJPY Oct 08 to Oct 12 Outlook3DP Odds Table (USDJPY) 2020-05-18Precog Vision – Forex 2018-5-7Weekly Cycle Projection (USDJPY) 2011-11-07Intraday Cycle Projection (USDJPY) 2016-05-023DP Odds Table (USDJPY) 2016-08-04
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USDJPY Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Got the retest of Y+1 early in the week. Y+1 breached easily points to more upside. Previous week close acted as support on pullback and voila we got Y+2. Closed the week above Y+1 and midpoint.
Outlook
The breakout to the upside is now confirmed as Y+1 is now cleared. The zone B-1 / Y+1 is now very strong support and pullbacks should not breach the zone. More upside is expected.
Notice that due to the various problems Japan is having right now, its macro weaknesses could be finally catching up. This is not a reflection of US dollar gaining strength based on fundamental reasons.
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