Trading Edges That Last
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Lawrence's Comment Recap The gap down to below B-1 had cleared the weak bulls quickly. Turning the original expectation of a consolidation in the lower price level unncessary. The immediate rally ...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 Previous week close resistance sent the pair down to Y-0. Y-0 did not act as support at all gave us test of Y-1. Y-1 also failed to act as ...READ MOREPrecog Vision – Forex 2020-11-19S&P 500 Apr 25 to Apr 29 OutlookIntraday Cycle Projection (USDJPY) 2021-09-083DP Odds Table (USDJPY) 2018-07-19Intraday Cycle Projection (USDJPY) 2016-05-12Precog Vision – Forex 2016-4-22USDJPY Jun 15 to Jun 19 OutlookWeekly Cycle Projection (USDJPY) 2021-11-223DP Odds Table (USDJPY) 2022-09-27Hot n Cold (USDJPY) 2011-8-23
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USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
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