Trading Edges That Last
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Lawrence's Comment Recap Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint. Outlook Compression points to breakout mode. The struggle to hold Y-0 points to ...READ MORELawrence's Comment Recap Y-1 tested and held up. Ninja was then sent back up to Y-0 and round number at 120. 120 sellers show up and pressed ninja back down. Closed the ...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 MOREPrecog Vision – Forex 2015-6-24Intraday Cycle Projection (USDJPY) 2022-03-103DP Odds Table (USDJPY) 2018-07-26Precog Vision – Forex 2023-5-2GBPUSD Feb 15 to Feb 19 OutlookUSDJPY Apr 27 to May 01 OutlookIntraday Cycle Projection (USDJPY) 2014-05-05Precog Vision – Forex 2023-3-133DP Odds Table (USDJPY) 2017-02-243DP Odds Table (USDJPY) 2021-10-26
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USDJPY Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Ninja moved lower as expected. What I did not expect, however, was the all out melt down. Got Y-3 before ninja can even bounce. Closed the week below Y-2 and midpoint.
Outlook
Partially event driven, but this pullback is mostly expected due to the daily level overbought condition.
Ninja needs to absorb the drop hence consolidation likely with reduced range.
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