Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, Y-0 acting as support will start a powerful rally and the target zone was tagged by end of the week. Outlook B-0 acting as support, ...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 Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint. Outlook Wait and see mode as Aussie parked at the same level again. Breaking below ...READ MOREEURUSD Feb 28 to Mar 04 Outlook3DP Odds Table (USDJPY) 2016-04-053DP Odds Table (USDJPY) 2013-03-15GBPUSD Feb 15 to Feb 19 OutlookPrecog Vision – Forex 2017-8-28EURUSD Jul 09 to Jul 13 OutlookAUDUSD Jan 04 to Jan 08 OutlookIntraday Cycle Projection (USDJPY) 2023-01-183DP Odds Table (USDJPY) 2017-07-27GBPUSD Nov 28 to Dec 02 Outlook
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USDJPY Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked in and dropped this back down to Y+1. Closed near Y+1 and below midpoint.
Outlook
The first leg up is now over.Consolidation for a week or 2 is needed to absorb the fast up move. As long as it stays above Y-0 / B-1 area, looking for more upside over coming weeks.
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