Trading Edges That Last
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Lawrence's Comment Recap NQ lifted higher first right off the open, that limited the expected drop to Y-1 by magnitude as mentioned last week. Anyway multiple attempts to clear Y+2 failed and ...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 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 MOREPrecog Vision – Forex 2015-4-8AUDUSD Aug 12 to Aug 16 Outlook3DP Odds Table (USDJPY) 2015-07-16Nasdaq 100 Sep 08 to Sep 12 OutlookPrecog Vision – Forex 2019-6-183DP Odds Table (USDJPY) 2017-02-14Precog Vision – Forex 2015-10-22Intraday Cycle Projection (USDJPY) 2017-02-22Precog Vision – Forex 2021-7-163DP Odds Table (USDJPY) 2015-12-23
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USDJPY Apr 29 to May 03 Outlook
Lawrence’s Comment
Tagged resistance zone as expected, but no breakout above that. Instead, ninja fell back down to Y-0 eventually. Most part of the week was spend holding right below Y+1 making it looks like a breakout to the upside was about to happen. Closed the week near the week low and Y-0.
Outlook
Y+1 / B+1 rejected twice means the resistance at 100 is very strong. But don’t forget that Y-1 was rejected by very strong reaction. Hence price is now trapped between Y+1 and B-1. No real direction until ninja can break out of this range.
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