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Lawrence's Comment Recap Instead of holding above Y-1, it failed to act as support right from the beginning of the week. That set the stage for a test of Y-1 mid-week ...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 MOREUSDJPY Apr 25 to Apr 29 OutlookIntraday Cycle Projection (AUDUSD) 2014-09-03Intraday Cycle Projection (AUDUSD) 2021-10-063DP Odds Table (AUDUSD) 2011-05-19Intraday Cycle Projection (AUDUSD) 2013-10-07Precog Vision – Forex 2020-5-21USDJPY Jul 03 to Jul 07 OutlookIntraday Cycle Projection (AUDUSD) 2013-03-14Precog Vision – Forex 2017-7-10USDJPY Oct 25 to Oct 29 Outlook
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AUDUSD Jul 18 to Jul 22 Outlook
Lawrence’s Comment
Got the breakout we asked for. Aussie dropped below Y-1 and tagged Y-3 quickly. But there was no test of Y-1 as resistance at all. The pair simply zoom back up to Y+1. That often means a higher timeframe is in play. In this case, it is monthly and yearly price levels kicking in. Ended the week below midpoint after failure to take out Y+1 again.
Outlook
B-1 is likely to be retested. As oppose to establishing a trend from the break of Y-1, we now get a larger range from B-1 to B+1 to deal with. I will avoid the pair as bias cannot be establish right now.
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