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Lawrence's Comment Recap As oppose to just move up to B+3 target area, NQ simply gap above B+1, forcing a fierce short cover rally in the beginning of the week. Then ...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 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 MOREIntraday Cycle Projection (USDJPY) 2014-02-25Weekly Cycle Projection (USDJPY) 2019-10-073DP Odds Table (USDJPY) 2011-11-11USDCAD May 24 to May 28 Outlook3DP Odds Table (USDJPY) 2013-01-03Nasdaq 100 Jun 06 to Jun 10 OutlookPrecog Vision – Forex 2013-10-2Hot n Cold (USDJPY) 2017-2-24Precog Vision – Forex 2015-8-11Intraday Cycle Projection (USDJPY) 2020-11-27
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USDJPY Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Breakout upside right from the start of the week met with news shock sending the pair back to Y-0. Y-0 acted as support and closed the week at our upside target.
Outlook
The delay in tagging the upside target by end of week means there are enough sellers around Y+1 area making it a significant price level.
If a top is formed between Y+1 and B+1, dollar yen will have its first important pullback that can last 2 to 3 weeks with B-1 as the first downside target.
If B+1 is cleared, then B+2 should be tagged quickly.
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