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Lawrence's Comment Recap Held Y-1 as support, took off and tagged Y+1. That part was expected. The failure to go higher than Y+1 leading to a pullback was also expected. ...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 MOREPrecog Vision – Forex 2015-12-25GBPUSD Feb 21 to Feb 25 OutlookPrecog Vision – Forex 2018-7-3Hot n Cold (USDJPY) 2021-7-16Precog Vision – Forex 2015-11-17Hot n Cold (USDJPY) 2012-7-3EURUSD Feb 27 to Mar 03 Outlook3DP Odds Table (USDJPY) 2017-02-13Intraday Cycle Projection (USDJPY) 2019-06-26Intraday Cycle Projection (USDJPY) 2018-07-10
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USDJPY Apr 27 to May 01 Outlook
Lawrence’s Comment
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 week below Y-0 and midpoint.
Outlook
Overall still a consolidation week, just a bit more than 50% week range due to the 120 magnet. No declared winner on either side as bears could not break Y-1 while bulls cannot keep ninja above midpoint.
Retest of Y-1 / B-1 likely. That holds we get a serious rally back to at least Y-0 again.
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