Trading Edges That Last
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Lawrence's Comment Recap Dropped to Y-1 as expected. Bounced back immediately. Y-0 resistance stopped the bounce. Closed the week below Y-0 and midpoint. Outlook 4 Hour down channel established. Until break out ...READ MOREDow 30 Jan 06 to Jan 10 OutlookIntraday Cycle Projection (USDJPY) 2020-12-14Precog Vision – Forex 2013-5-1Precog Vision – Forex 2018-1-9Intraday Cycle Projection (USDJPY) 2016-02-043DP Odds Table (USDJPY) 2020-08-24Hot n Cold (USDJPY) 2013-3-22USDCAD Dec 12 to Dec 16 Outlook3DP Odds Table (USDJPY) 2011-05-05USDJPY May 18 to May 22 Outlook
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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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