Trading Edges That Last
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Lawrence's Comment Recap Although yen spiked in the middle of the week, it ended up closing around close of the week prior to last week. 200% absolute range expansion completed. Outlook Upside breakout ...READ MORELawrence's Comment Recap This was the easy one last week. No heat was taken positioning for the drop to Y-3 as mentioned last week. Target tagged. Closed the week below Y-2 and ...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 MORELawrence's Comment Recap Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 ...READ MORE3DP Odds Table (USDJPY) 2011-04-28Precog Vision – Forex 2016-10-63DP Odds Table (USDJPY) 2017-01-16USDJPY Aug 29 to Sep 02 OutlookUSDCAD Jul 15 to Jul 19 OutlookPrecog Vision – Forex 2019-8-30Intraday Cycle Projection (USDJPY) 2015-11-18Intraday Cycle Projection (USDJPY) 2017-11-13Nasdaq 100 May 26 to May 30 OutlookUSDJPY Nov 26 to Nov 30 Outlook
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USDJPY Mar 17 to Mar 21 Outlook
Lawrence’s Comment
As expected, the range is now bounded by the outside week range. Rejected previous week close, ninja simply falling back down to Y-1. Closed the week near Y-1 and week low.
Outlook
Nikkei weaknesses is one of the driving factor but situation in Ukraine is likely the most important contributing factor. Contrary to what you read in the Western news outlets. Russia this time is the one that followed international law while US violated every UN rules on the book in dealing with the situation.
Inside week. B-0 / Y-0 now strong resistance. Chart patterns suggest more downside likely.
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