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Lawrence's Comment Recap No test of either extreme in the beginning of the week, so the consolidation play of drifting around Y-0 kicked in. Then Fed chair Mrs Yellen changed the game. ...READ MORELawrence's Comment Recap The bearish expectation unfolded. Y-1 breached with Y-2 almost tagged. Bounced to Y-0 but failed to hold above Y-1. Closed the week below Y-1 and midpoint. Outlook As explained ...READ MORELawrence'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 MOREIntraday Cycle Projection (USDJPY) 2012-07-13Hot n Cold (USDJPY) 2018-9-28Dow 30 May 12 to May 16 OutlookHot n Cold (USDJPY) 2012-3-283DP Odds Table (USDJPY) 2015-02-163DP Odds Table (USDJPY) 2019-10-07USDJPY Jan 12 to Jan 16 OutlookUSDJPY Mar 13 to Mar 17 OutlookIntraday Cycle Projection (USDJPY) 2014-07-17S&P 500 Sep 26 to Sep 30 Outlook
As Featured In
USDJPY Week of Nov 1 – 5 Outlook
Recap of past week
1-2-3 buy off the previous low (the yellow zone) made a good run but failed to take out the previous week high, resulting in a quick snap back to the low of the week again. Classic 2-way test of the previous extremes as mentioned in STOPD.
Next week outlook
Both the weekly and monthly project has projected 50% downside expansion to the 79.50 area (red zone). This area is also the long term support area that has not been touched for many years. How USDJPY reacts at this zone will be critical.
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