Trading Edges That Last
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Recap of Last Week Early in the week a low was formed to create a powerful IHS with neckline at approx. prior week high (green zone). A breakout of ...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 MORELawrence's Comment Recap Sold off to the target area and then bounced back to Y-1 first and eventually Y-0. Closed the week at Y-1 near midpoint. Outlook Weak rally and stalled at Y-0 ...READ MOREEURUSD Jan 24th to 28th OutlookIntraday Cycle Projection (USDJPY) 2020-04-163DP Odds Table (USDJPY) 2023-01-263DP Odds Table (USDJPY) 2012-06-04Intraday Cycle Projection (USDJPY) 2019-06-193DP Odds Table (USDJPY) 2016-03-23Intraday Cycle Projection (USDJPY) 2019-04-04Precog Vision – Forex 2015-3-25EURUSD Oct 10 to Oct 14 Outlook3DP Odds Table (USDJPY) 2012-05-30
As Featured In
USDJPY Apr 29 to May 03 Outlook
Lawrence’s Comment
Tagged resistance zone as expected, but no breakout above that. Instead, ninja fell back down to Y-0 eventually. Most part of the week was spend holding right below Y+1 making it looks like a breakout to the upside was about to happen. Closed the week near the week low and Y-0.
Outlook
Y+1 / B+1 rejected twice means the resistance at 100 is very strong. But don’t forget that Y-1 was rejected by very strong reaction. Hence price is now trapped between Y+1 and B-1. No real direction until ninja can break out of this range.
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