Trading Edges That Last
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Lawrence's Comment Recap No drastic move last week. 2nd week of pullback from the multiple week rally. Closed the week below Y-1 and midpoint. Outlook Still moving within the context of consolidation / pullback ...READ MORELawrence's Comment Recap First weekly higher low in place. 1.30 acted as support. And they found an excuse to clear 1.32. Closed the week printing 4 week highest high and above Y+1. Outlook Bullish ...READ MOREDow 30 Jan 15 to Jan 19 OutlookIntraday Cycle Projection (USDJPY) 2013-06-13USDCAD Mar 27 to Mar 31 OutlookIntraday Cycle Projection (USDJPY) 2012-03-22Precog Vision – Forex 2012-12-14AUDUSD Mar 03 to Mar 07 OutlookIntraday Cycle Projection (USDJPY) 2022-05-26USDJPY Aug 13 to Aug 17 OutlookEURUSD Jan 14 to Jan 18 Outlook3DP Odds Table (USDJPY) 2014-06-02
As Featured In
USDJPY Feb 10 to Feb 14 Outlook
Lawrence’s Comment
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. Closed the week aobve Y-1 and B-0.
Outlook
On weekly basis ninja has formed the first bottom off this pullback which may not be enough to produce a strong bottom. Expecting sideway action with more sell pressure.
Upside likely capped below B+2. When B+1 acts as resistance we should get a drop down to B-1.
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