Trading Edges That Last
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Lawrence's Comment Recap A forced flush down to Y-2. Closed the week at Y-1 and midpoint. Outlook Definitely trying hard to form a bottom here. The process, however, can take some time ...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 MORELawrence's Comment Recap Reacted to the head and shoulders neckline initially and dropped quickly below Y-0. Then an all out rally took place and cleared Y+1 in 1 go. After ...READ MOREUSDCAD Jul 23 to Jul 27 OutlookNasdaq 100 Jan 24 to Jan 28 OutlookHot n Cold (USDJPY) 2011-11-2Dow 30 Dec 09 to Dec 13 OutlookIntraday Cycle Projection (USDJPY) 2016-06-08Precog Vision – Forex 2023-1-3Precog Vision – Forex 2015-6-26S&P 500 Aug 22 to Aug 26 OutlookPrecog Vision – Forex 2019-6-3Dow 30 Dec 03 to Dec 07 Outlook
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USDJPY May 30 to Jun 03 Outlook
Lawrence’s Comment
Retest of Y+1 first, then stalled and failed to hold above Y-0. Flushed to the natural target of Y-1 and closed at the low of the week.
Outlook
The slow steady drift up is over. Although Y-1 was not breached, the pair needs more time to consolidate before it will find a direction. The past week is an inside week, as long as B-1 and Y-1 acts as support, B-0 and B+1 are in play.
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