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Lawrence's Comment Recap NQ held Y-0 and lifted higher to Y+1. Consolidated right under Y+1 until FOMC announcement. Since then breakout upside until 4900 round # was tagged. Closed the week above ...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 Test of Y+1 led to clean drop to below Y-0 triggering Y-1 target. Y-0 acted as resistance since giving us Y-1 quickly and Y-2 eventually. Closed the week below ...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 MOREPrecog Vision – Forex 2021-1-11Nasdaq 100 Sep 26 to Sep 30 OutlookPrecog Vision – Forex 2018-2-193DP Odds Table (USDJPY) 2013-04-083DP Odds Table (USDJPY) 2014-06-24Hot n Cold (USDJPY) 2012-1-25EURUSD Apr 13 to Apr 17 OutlookPrecog Vision – Forex 2017-10-13Precog Vision – Forex 2022-3-9Weekly Cycle Projection (USDJPY) 2018-02-19
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USDJPY Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week.
Outlook
The upside target of Y+2 was not tagged. It should be tagged early next week.
The 81-82 resistance area is now cleared. Next is likely short term top near 83 area. Most of the initial upside momentum are now used up so going higher will be more difficult.
From this point onward, dollar yen has to build a long term higher base to absorb the sellers without dropping below 79 (preferred 80).
Next week looking for a run to Y+2 upto B+2 for a top to form.
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