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Lawrence's Comment Recap The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...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 MORELawrence's Comment Recap Was looking for an upside breakout in the beginning of the week and got it. That turns B+1 into support with Y+2 and Y+3 as targets. Got both ...READ MORE3DP Odds Table (USDJPY) 2017-11-22GBPUSD Jan 05 to Jan 09 OutlookHot n Cold (USDJPY) 2015-11-6Precog Vision – Forex 2020-5-20Intraday Cycle Projection (USDJPY) 2014-07-24Precog Vision – Forex 2021-9-2GBPUSD Dec 10 to Dec 14 OutlookEURUSD Aug 15 to Aug 19 OutlookEURUSD Jun 06 to Jun 10 OutlookIntraday Cycle Projection (USDJPY) 2014-07-30
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USDJPY Aug 03 to Aug 07 Outlook
Lawrence’s Comment
Pullback to Y-2 support zone as expected. Ninja rallied since to tag Y+1. Strong reaction at Y+1 zone bought ninja back down. Closed the week below Y-0 and near midpoint.
Outlook
Intervention dynamics making it more difficult to clear the weekly resistance above. BOJ official position is that ninja going higher is not “sustainable”. On weekly basis, ninja is in a strong up trend. Consolidation in the current range is bullish.
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