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Lawrence's Comment Recap Dow zoomed up on no volume initially and exploded to Y+2 with a sharp reversal. Signature blowoff top in place pointing to a drop back down to Y-0. With ...READ MORELawrence's Comment Recap A steep selloff to start the week as expected. Rallied since after the open gap below was filled. Y+2 was tagged. Closed the week above Y+1 and midpoint. ...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 MOREIntraday Cycle Projection (USDJPY) 2022-12-143DP Odds Table (USDJPY) 2021-05-043DP Odds Table (USDJPY) 2013-07-083DP Odds Table (USDJPY) 2021-06-28Dow 30 May 27 to May 31 OutlookNasdaq 100 Oct 12 to Oct 16 OutlookHot n Cold (USDJPY) 2015-2-133DP Odds Table (USDJPY) 2017-02-06S&P 500 Feb 29 to Mar 04 OutlookPrecog Vision – Forex 2014-7-8
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USDJPY Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and below midpoint.
Outlook
4 hour / daily bull flag points to continuation to the upside likely. Spike low against B-1 above B-2 will signal at least a test of B-0 and that will in turn break the bull flag resistance.
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