Trading Edges That Last
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Lawrence's Comment Recap Wedged downward in the beginning of the week hinted a short term bounce was in play. Bounced back up until 50% range reached. Stalled from there and ...READ MORELawrence's Comment Recap Euro cleared the resistance zone mentioned last week, staging Y-0 support for a run to Y+1 and above. And that's exactly what happened right after. 100% absolute range expansion ...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 Like clock work, Aussie was the easiest play last week. Held Y-0 and move above Y+1 giving way to Y+2 my target. Then cleared Y+1 on a small pullback ...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 MOREUSDJPY Jan 09 to Jan 13 Outlook3DP Odds Table (USDJPY) 2012-12-03EURUSD Oct 20 to Oct 24 OutlookAUDUSD Jan 23 to Jan 27 OutlookPrecog Vision – Forex 2022-1-3AUDUSD Mar 18 to Mar 22 Outlook3DP Odds Table (USDJPY) 2019-10-073DP Odds Table (USDJPY) 2017-02-15Precog Vision – Forex 2013-9-26Hot n Cold (USDJPY) 2019-2-8
As Featured In
USDJPY May 02 to May 06 Outlook
Lawrence’s Comment
Y+1 resistance with BoJ announcement killed the upside immediately. News shock target of Y-1 cleared with Y-2 almost tagged. Closed the week near Y-2 and week low.
Outlook
Reactionary bounce points to a test of at least Y-1 and potentially B-0. We cannot be sure if Ninja can hold B-1 though as momentum points to the historical lower support at 104 is now in play.
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