Trading Edges That Last
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Lawrence's Comment Recap Was looking for further downside and we got that. Not quite tagging Y-3 as Dow stopped going lower when it reached 100% absolute range expansion. V-shape reversal since and ...READ MOREPrecog Vision – Forex 2021-8-26Precog Vision – Forex 2018-2-233DP Odds Table (USDJPY) 2022-11-02Precog Vision – Forex 2021-7-5Dow 30 Oct 14 to Oct 18 OutlookHot n Cold (USDJPY) 2012-6-6Intraday Cycle Projection (USDJPY) 2011-04-14Weekly Cycle Projection (USDJPY) 2021-10-18Hot n Cold (USDJPY) 2013-1-4Weekly Cycle Projection (USDJPY) 2016-06-27
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USDJPY Oct 05 to Oct 09 Outlook
Lawrence’s Comment
As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint.
Outlook
Still within the previous consolidation range means we have to wait for the daily level breakout again. Strong reaction below Y-1 and 119 means an attempt at the other end B+1 and above is likely.
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