Trading Edges That Last
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Lawrence's Comment Recap Euro bounced higher from Y-1 but failed to clear Y-0 the strong resistance zone. That opened the door to a flush down to Y-3. Euro reacted to the 1.27 ...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 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 MOREPrecog Vision – Forex 2014-4-24USDCAD Jan 08 to Jan 12 OutlookIntraday Cycle Projection (USDJPY) 2020-08-21Nasdaq 100 Aug 26 to Aug 30 OutlookPrecog Vision – Forex 2017-12-12EURUSD Sep 29 to Oct 03 OutlookPrecog Vision – Forex 2014-6-263DP Odds Table (USDJPY) 2020-09-18Precog Vision – Forex 2011-10-27Weekly Cycle Projection (USDJPY) 2014-12-15
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USDJPY Jul 21 to Jul 25 Outlook
Lawrence’s Comment
Instead of testing Y-1 first, ninja opted for test of Y-0 zone resistance first. That forced a drop in ninja back down to Y-1 later in the week. Closed the week above Y-1 and below midpoint.
Outlook
Inside week with weak close points to proper retest of Y-1 / B-1 is necessary. Reaction there will tell us what’s next.
In rare scenarios, should ninja surges higher above B+1 without a retest of Y-1 / B-1 support, as long as B+1 acts as support, a run to B+3 is likely.
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