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Lawrence's Comment Recap Gap higher tested the resistance zone as expected. Sold off from there giving us Y-0 and below. That opened the door to Y-1 as Y+1 became solid resistance. Sold ...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 Resistance zone worked out giving us a flush to below Y-1 in one slow drop. Y-1 turned into resistance and closed the week at week low. Outlook Y-2 is ...READ MOREAs expected, the moment fed announcement was made, the strength in the pair just collapsed. A clean 1-2-3 sell, this time visible on 4 Hour, has stopped out the long ...READ MOREIntraday Cycle Projection (USDJPY) 2014-09-17Dow 30 May 04 to May 08 OutlookAUDUSD Apr 18 to Apr 22 OutlookPrecog Vision – Forex 2017-10-27USDCAD Apr 30 to May 04 OutlookDow 30 Mar 12 to Mar 16 OutlookUSDJPY Breakout Failure, AgainWeekly Cycle Projection (USDJPY) 2022-07-18GBPUSD Jun 21 to Jun 25 OutlookIntraday Cycle Projection (USDJPY) 2013-01-07
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USDJPY Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Clean swing from Y-1 as support, breaking the resistance at Y-0 and gave us the breakout we are looking for. Y+3 target tagged. Closed the week at week high and above Y+3. The best trade last week.
Outlook
As mentioned many times before, 78 is an important long term support. Once again it has defended the long term reversal started from last year.
From here onward, as long as Y+1 / B-0 stays as support, looking for long only.
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