Trading Edges That Last
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Lawrence's Comment Recap Previous week close acted as support leading to a bounce back up to resistance zone mentioned last week. Y-0 acted as support near end of the week helped Euro ...READ MOREPrecog Vision – Forex 2012-1-9Precog Vision – Forex 2012-12-13Intraday Cycle Projection (USDJPY) 2012-07-03S&P 500 Dec 21 to Dec 25 OutlookDow 30 Jan 09 to Jan 13 OutlookPrecog Vision – Forex 2022-3-29Precog Vision – Forex 2019-10-7Nasdaq 100 Mar 12 to Mar 16 OutlookIntraday Cycle Projection (USDJPY) 2019-08-05EURUSD Aug 15 to Aug 19 Outlook
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USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Intervention effect completely washed out in just a few days. Yen closed around Y-1.
Outlook
Complete reversal of a sharp move indicates rejection. The difficult here is that the sharp move rejected a very wide range from 78 to 80 and up. Thus a retest of that is possible and that makes shorting any price level below B+1 higher risk than usual.
Downward bias on the pair but not easily tradable for this week.
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