Trading Edges That Last
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Lawrence's Comment Recap Everything said last week happened. Downside bias used up by Monday. Higher than usual volatility sending ES all the way back to all time high. Closed the week near ...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 MORE3DP Odds Table (USDJPY) 2022-08-10Precog Vision – Forex 2016-2-9Precog Vision – Forex 2017-6-14Intraday Cycle Projection (USDJPY) 2016-12-07Intraday Cycle Projection (USDJPY) 2021-08-19Precog Vision – Forex 2020-10-27S&P 500 Sep 14 to Sep 18 OutlookS&P 500 Dec 22 to Dec 26 OutlookPrecog Vision – Forex 2021-6-303DP Odds Table (USDJPY) 2021-05-27
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USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Intervention effect completely washed out in just a few days. Yen closed around Y-1.
Outlook
Complete reversal of a sharp move indicates rejection. The difficult here is that the sharp move rejected a very wide range from 78 to 80 and up. Thus a retest of that is possible and that makes shorting any price level below B+1 higher risk than usual.
Downward bias on the pair but not easily tradable for this week.
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