Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and ...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 MOREAUDUSD Jul 11 to Jul 15 OutlookGBPUSD Oct 10 to Oct 14 OutlookPrecog Vision – Forex 2013-6-3Precog Vision – Forex 2021-5-19Intraday Cycle Projection (USDJPY) 2014-10-15Intraday Cycle Projection (USDJPY) 2013-01-113DP Odds Table (USDJPY) 2015-09-16Intraday Cycle Projection (USDJPY) 2019-09-11Precog Vision – Forex 2015-11-33DP Odds Table (USDJPY) 2017-02-06
As Featured In
USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
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 and then dropping down to Y-2. Closed the week at Y-2.
Outlook
The weaknesses is moving in line with other USD pairs where USD is being trashed. Weaknesses will continue unless B+1 is taken out. Congestion between B-1 and B-0 is more likely.
Share