Trading Edges That Last
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Lawrence's Comment Recap Tried to reverse early last week from Y+1 but a higher low was formed instead. The retest of Y+1 resulted in a breach of the level and ...READ MORELawrence's Comment Recap Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls ...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 MOREDow 30 Aug 20 to Aug 24 Outlook3DP Odds Table (USDJPY) 2012-12-173DP Odds Table (USDJPY) 2011-10-113DP Odds Table (USDJPY) 2015-03-06Intraday Cycle Projection (USDJPY) 2018-07-24S&P 500 Feb 18 to Feb 22 OutlookPrecog Vision – Forex 2020-3-25Dow 30 Jan 27 to Jan 31 OutlookIntraday Cycle Projection (USDJPY) 2016-04-15Intraday Cycle Projection (USDJPY) 2018-01-04
As Featured In
USDJPY Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Bearish drift to new low below Y-1. Tight range. Closed below midpoint.
Outlook
To go long we need a confirmed bottom, B+1 has to be taken out with B-0 acting as support.
Short side will be difficult to trade from this level because it is sitting at the extreme level where G8 intervention happened last time.
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