Trading Edges That Last
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Recap of Last Week Opened close to 50% upside expansion and moved immediately towards the 100% upside expansion target. Once the market failed to hold above the green zone, ...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 No breakout of range. Just more consolidation. Closed the week an inside week close to Y+1. Outlook Need breakout of this tight range for a clear direction. No point to ...READ MOREIntraday Cycle Projection (USDJPY) 2015-05-13S&P 500 Jan 10th to Jan 14th OutlookPrecog Vision – Forex 2016-7-4USDJPY Apr 10 to Apr 14 OutlookEURUSD Apr 30 to May 04 OutlookIntraday Cycle Projection (USDJPY) 2013-04-033DP Odds Table (USDJPY) 2012-10-03EURUSD Aug 29 to Sep 02 OutlookHot n Cold (USDJPY) 2020-12-25Hot n Cold (USDJPY) 2012-3-28
As Featured In
USDJPY Jul 15 to Jul 19 Outlook
Lawrence’s Comment
As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then Y-1. The violent reactions below Y-1 was obviously stop run. Closed the week at Y-1 and below midpoint.
Outlook
It looks like the start of a weekly level pullback. As long as ninja is trading around the prescribed bottom of the range at 98 this should be treated as a consolidation.
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