Trading Edges That Last
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Lawrence's Comment Recap As expected Dow drifted up first last week. Once the Y+2 target is tagged, selling piled on and closed the week tagging close of the week prior to ...READ MORELawrence's Comment Recap Held up pretty well for 2 days. Then euro collapsed and dragged everything lower. Yet, Dow managed to drift higher and closed the week at midpoint. Outlook End of ...READ MORELawrence's Comment Recap In sync with Dow, but weaker, NQ struggled to clear Y+1 and eventually fall back down to Y-0. Y-0 support gave it fuel to go up to Y+2. Closed ...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 MORELawrence's Comment Recap First move to test Y+1 found resistance. Gave us Y-1 target. Dropped to Y-1 and breached the support as if it is not there. Closed the week below Y-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 MOREDow 30 Sep 05 to Sep 09 Outlook3DP Odds Table (USDJPY) 2018-11-02Dow 30 Jan 02 to Jan 06 OutlookNasdaq 100 Oct 19 to Oct 23 OutlookPrecog Vision – Forex 2014-2-7Intraday Cycle Projection (USDJPY) 2014-10-29AUDUSD Nov 19 to Nov 23 OutlookAUDUSD Dec 16 to Dec 20 Outlook3DP Odds Table (USDJPY) 2017-05-15Precog Vision – Forex 2022-10-24
As Featured In
USDJPY May 27 to May 31 Outlook
Lawrence’s Comment
Held Y-0 and pushed higher for upside breakout and failed. That lead to a clear break of Y-1 and turning Y-0 into resistance. Closed the week at Y-1 and below midpoint.
Outlook
Both upside target and downside target were not reached. Outside week reversal in place so more downside is expected. Obvious target for now is B-2 as that is also where the melt up move started. That causes a problem as the Japanese government and BOJ want dollar yen to go higher. Not sure if they will intervene heavily to defend the 100 area.
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