Trading Edges That Last
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Lawrence's Comment Recap Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint. Outlook Breaking below B-1 ...READ MORELawrence's Comment Recap Test of Y+1 was expected but we did not get any confirmed rejection at all. Breakout above Y+1 gave us the normal breakout target of Y+3. NQ tried to ...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 Reacted to 1.18 as expected. Pullback to equal distance from Monday high and stopped dropping. Renew rally sent the pair up to 1.185 zone on 2nd try. 1.18 turned ...READ MORE3DP Odds Table (USDJPY) 2016-08-053DP Odds Table (USDJPY) 2014-07-30Precog Vision – Forex 2018-1-31AUDUSD Jul 06 to Jul 10 OutlookEURUSD Apr 21 to Apr 25 OutlookNasdaq 100 Nov 17 to Nov 21 OutlookPrecog Vision – Forex 2015-2-3Hot n Cold (USDJPY) 2014-11-21USDCAD Jan 12 to Jan 16 Outlook3DP Odds Table (USDJPY) 2017-09-18
As Featured In
USDJPY Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1.
Outlook
Clearly intervention at this 76 level is getting more and more likely. The effect, however, can be weaker than most expected and short lived due to the fact that no one else is going to help Japanese government to pop dollar yen this time.
Not a good pair to trade in general until we get a clear trend breaking out from this zone.
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