Trading Edges That Last
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Lawrence's Comment Recap Euro drifted up exactly as expected and tagged Y-0 before turning down sharply. Closed near Y-1 with 50% range of prior week. Outlook A break of B-1 will likely ...READ MORELawrence's Comment Recap Attempted downside first but failed to stay below Y-0. Drifted up slowly yet failed to push above 121 and collapsed back down. Closed the week below Y-0 and near ...READ MORELawrence's Comment Recap Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week ...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 MOREWeekly Cycle Projection (USDJPY) 2016-03-07Dow 30 Nov 23 to Nov 27 OutlookPrecog Vision – Forex 2023-4-19EURUSD Apr 16 to Apr 20 OutlookWeekly Cycle Projection (USDJPY) 2011-05-30AUDUSD Mar 07 to Mar 11 OutlookUSDJPY Sep 21 to Sep 25 OutlookEURUSD Oct 15 to Oct 19 OutlookPrecog Vision – Forex 2015-10-1Precog Vision – Forex 2020-9-29
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USDJPY May 02 to May 06 Outlook
Lawrence’s Comment
Weaknesses continue as expected. First try testing Y-0 failed leading to new low for the week. The w. spring type action still fail to take the pair to close above Y-0 on 4 hour bar basis. Closed the week at the low.
Outlook
The spike up was classic short squeeze at important support zone. That however do not guarantee that the trend can really reverse. More weaknesses is expected. A flush to below 80 will tell if real support exists at all at the year low zone.
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