Trading Edges That Last
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Lawrence's Comment Recap Euro consolidated around Y-1 and then flushed lower. Y-2 target tagged and bounced back up to week mid and failed to push higher. Closed the week below Y-1 and ...READ MORELawrence's Comment Recap The more predictable pair as usual. Held Y-0 and rallied to upside target mentioned last week. Not impressive strong run though. Closed the week above Y+1 and near week ...READ MOREIntraday Cycle Projection (USDJPY) 2021-02-17Intraday Cycle Projection (USDJPY) 2014-05-29Dow 30 Jan 02 to Jan 06 OutlookPrecog Vision – Forex 2020-7-9Intraday Cycle Projection (USDJPY) 2012-02-20Precog Vision – Forex 2022-5-27EURUSD Nov 11 to Nov 15 OutlookGBPUSD Jul 22 to Jul 26 OutlookWeekly Cycle Projection (USDJPY) 2022-10-033DP Odds Table (USDJPY) 2017-09-27
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USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Instead of holding above Y-1, it failed to act as support right from the beginning of the week. That set the stage for a test of Y-1 mid-week and then dropping down to Y-2. Closed the week at Y-2.
Outlook
The weaknesses is moving in line with other USD pairs where USD is being trashed. Weaknesses will continue unless B+1 is taken out. Congestion between B-1 and B-0 is more likely.
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