Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, following the Non-Farm Payroll week bias worked out great. Dow bottomed out on Monday and not even pullback to Y-0. Then exploded to the upside ...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 MORERecap of last week Did not post a chart on this pair last week as it was not clear if we were having a spike and ledge or just ...READ MORE3DP Odds Table (USDJPY) 2013-06-19Precog Vision – Forex 2018-8-22Hot n Cold (USDJPY) 2011-5-18Intraday Cycle Projection (USDJPY) 2022-10-26Dow 30 Mar 11 to Mar 15 OutlookS&P 500 Mar 06 to Mar 10 OutlookPrecog Vision – Forex 2017-12-13DP Odds Table (USDJPY) 2022-01-20Precog Vision – Forex 2013-2-7EURAUD Week of Nov 8 – 12 Outlook
As Featured In
USDJPY Dec 17 to Dec 21 Outlook
Lawrence’s Comment
Upside breakout. Just like any normal breakout, it got the normal target of Y+3 and pullback since. Closed the week near Y+2 and above midpoint.
Outlook
Election result is in and that the newly elected party has a mandate to print a lot more money (what an irony that the party is a conservative one). In short term it will further weaken yen and probably sending it to long term target 86-88 zone.
So, looking for long only until a weekly reversal happens.
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