Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Consolidation actions within Y+1 and Y-0 as expected until FOMC announcement. Breakout to the upside and filled the open gap above. Closed the week above Y+1 and near week ...READ MORELawrence's Comment Recap Aussie chose to range expand first towards Y+2 before pullback down to Y+1. Closed the week near Y+1 and below midpoint. Outlook V-reversal potential but not confirmed yet. Closing ...READ MORELawrence's Comment Recap ECB decision swinged euro both ways. Y-1 defended and immediately shot up to Y+2. Closed the week near Y+2 and above midpoint. Outlook Shorts are trapped which can in ...READ MORE3DP Odds Table (USDJPY) 2014-01-31Intraday Cycle Projection (USDJPY) 2020-12-09S&P 500 Dec 21 to Dec 25 OutlookUSDCAD Sep 19 to Sep 23 OutlookDow 30 Feb 01 to Feb 05 OutlookIntraday Cycle Projection (USDJPY) 2015-09-22Intraday Cycle Projection (USDJPY) 2012-05-01AUDUSD Jun 13 to Jun 17 OutlookEURUSD Mar 14 to Mar 18 OutlookIntraday Cycle Projection (USDJPY) 2018-04-12
As Featured In
USDJPY May 09 to May 13 Outlook
Lawrence’s Comment
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means higher timeframes in control. In this case, we have the multiple year low made not too long ago in sight. Should a buy setup formed here and materialized, we probably have a multiple year low established and this pair should move higher.
The big question is that can the multiple year spike low act as support at all. This week will be critical.
Share