Trading Edges That Last
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Lawrence's Comment Recap Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint. Outlook Strong resistance zone above B+1 upto B+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 MORELawrence's Comment Recap Bearish expectation worked out nicely. Extreme volatility driving traders to the edge. Closed the week near Y-4 and below midpoint. Outlook Potential daily down channel in the making if ...READ MORELawrence's Comment Recap Y-0 acted as support early in the week started a strong 1-2-3 buy with Y+3 target. That in turn started a reverse waterfall effect on daily squeezing the shorts ...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 MORE3DP Odds Table (USDJPY) 2019-07-17Precog Vision – Forex 2016-5-31Precog Vision – Forex 2020-12-153DP Odds Table (USDJPY) 2012-05-30GBPUSD Mar 14 to Mar 18 OutlookPrecog Vision – Forex 2013-11-28Dow 30 Jun 01 to Jun 05 Outlook3DP Odds Table (USDJPY) 2017-12-11EURUSD Jun 08 to Jun 12 OutlookPrecog Vision – Forex 2011-4-10
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USDJPY Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop to below Y-1. Closed the week above Y-1 and below midpoint.
Outlook
B-0 / Y-0 resistance can lead to potential down channel over coming few weeks. Better bottom on 4 hours will give us a test of Y-0.
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