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Lawrence's Comment Recap Unfolded completely as expected. Failed at Y+1 as resistance, sold off back down to 1100 area. Closed the week below Y-1. Outlook A retest of B-1 is expected but difficult ...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 Upside target Y+2 tagged first, then downside target gap fill below was tagged later. Closed the week above Y+1. Outlook Stronger than Dow but weaker than NQ. ES has ...READ MORELawrence's Comment Recap NQ zoomed higher to Y-0 and held there for the FOMC announcement. That alone opened the door to Y+1. Post announcement, NQ immediately tagged the target and by op-ex ...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 MORES&P 500 Sep 26 to Sep 30 OutlookPrecog Vision – Forex 2016-8-4S&P 500 Jan 16 to Jan 20 OutlookNasdaq 100 Mar 23 to Mar 27 OutlookPrecog Vision – Forex 2017-5-10Intraday Cycle Projection (USDJPY) 2018-09-27Intraday Cycle Projection (USDJPY) 2014-01-13Intraday Cycle Projection (USDJPY) 2018-03-30S&P 500 May 11 to May 15 OutlookWeekly Cycle Projection (USDJPY) 2020-09-28
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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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