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Lawrence's Comment Recap Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high. Outlook Consolidation around B+1 likely until NFP Friday.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 MOREIntraday Cycle Projection (USDJPY) 2020-10-28EURUSD Apr 22 to Apr 26 Outlook3DP Odds Table (USDJPY) 2011-07-223DP Odds Table (USDJPY) 2014-07-14Nasdaq 100 May 30 to Jun 03 Outlook3DP Odds Table (USDJPY) 2021-06-10Precog Vision – Forex 2013-5-8Intraday Cycle Projection (USDJPY) 2023-04-113DP Odds Table (USDJPY) 2015-03-20Intraday Cycle Projection (USDJPY) 2018-08-01
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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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