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Lawrence's Comment Recap ES opened around its previous week close and consolidated there. Break out immediately right after gave us a run to Y+2. Since then a pullback back down to the ...READ MORELawrence's Comment Recap FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 ...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 MOREGBPUSD Jun 28 to Jul 02 OutlookIntraday Cycle Projection (USDJPY) 2021-01-11Intraday Cycle Projection (USDJPY) 2017-03-30Hot n Cold (USDJPY) 2011-8-30S&P 500 Feb 17 to Feb 21 OutlookIntraday Cycle Projection (USDJPY) 2016-02-01AUDUSD Mar 21 to Mar 25 OutlookPrecog Vision – Forex 2021-2-15Weekly Cycle Projection (USDJPY) 2012-05-28Precog Vision – Forex 2022-8-9
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USDJPY Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Further pullback to Y-2 and bounced. Y-0 acted as resistance again. When Y-1 also turned into resistance we gone breakdown move to Y-4. Closed the week near Y-4 and week low.
Outlook
Ninja simply dropped back down to the crime scene where the last squeeze higher started. This means there is no real push in either direction. We are still looking at monthly consolidation in a wide range. Next week is middle of the summer holiday season so consolidation around B-1 is likely with reduced range.
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