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Lawrence's Comment Recap Breakout mode triggered to the downside. Y-3 tagged quickly and extended to Y-4 (also first week of month midpoint) before a bounce. Closed the week above midpoint. Outlook The ...READ MORELawrence's Comment Recap The pair was doing a standard consolidation below Y+2 and above Y-0 after a strong week. Closed the week at Y+1. Outlook The consolidation points to a retest of B+1 ...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 MORENasdaq 100 Oct 23 to Oct 27 OutlookIntraday Cycle Projection (USDJPY) 2013-11-26Intraday Cycle Projection (USDJPY) 2016-03-31Weekly Cycle Projection (USDJPY) 2017-11-20S&P 500 Feb 28 to Mar 04 OutlookUSDCAD Aug 15 to Aug 19 Outlook3DP Odds Table (USDJPY) 2012-12-20Intraday Cycle Projection (USDJPY) 2011-12-29Precog Vision – Forex 2022-3-313DP Odds Table (USDJPY) 2020-07-24
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USDJPY May 13 to May 17 Outlook
Lawrence’s Comment
Cleared my resistance zone. Landed at target Y+3. Good enough for me. Closed the week at Y+3 and near week high.
Outlook
Two possible scenarios. First, consolidation around or above B+1 is likely as ninja cleared the major resistance in 1 go and in need to absorb the imbalance first. Second, if Y+3 serves as support, the melt up will have a good chance to continue and force a print at B+2 first.
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