Trading Edges That Last
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Lawrence's Comment Recap Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 ...READ MORELawrence's Comment Recap Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...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 MOREUSDCAD Jul 30 to Aug 03 Outlook3DP Odds Table (USDJPY) 2017-12-013DP Odds Table (USDJPY) 2019-01-01USDJPY Nov 02 to Nov 06 OutlookDow 30 Jul 21 to Jul 25 OutlookHot n Cold (USDJPY) 2011-8-11Intraday Cycle Projection (USDJPY) 2017-03-17Intraday Cycle Projection (USDJPY) 2019-07-233DP Odds Table (USDJPY) 2011-05-05Precog Vision – Forex 2013-5-2
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USDJPY Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and week low.
Outlook
Ninja simply dropped back down to the crime scene where the last squeeze higher started. This means there is no real push in either direction. We are still looking at monthly consolidation in a wide range. Next week is middle of the summer holiday season so consolidation around B-1 is likely with reduced range.
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