Trading Edges That Last
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Lawrence's Comment Recap As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there. Outlook As long as B-0 acts as ...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 MORES&P 500 Jan 06 to Jan 10 OutlookEURUSD May 02 to May 06 Outlook3DP Odds Table (USDJPY) 2012-04-27Weekly Cycle Projection (USDJPY) 2019-10-073DP Odds Table (USDJPY) 2021-05-24Precog Vision – Forex 2021-6-24Precog Vision – Forex 2016-7-12Intraday Cycle Projection (USDJPY) 2022-08-31USDJPY Oct 21 to Oct 25 OutlookIntraday Cycle Projection (USDJPY) 2021-03-12
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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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