Trading Edges That Last
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Lawrence's Comment Recap Bounced back to Y-0 early in the week. Y-0 stopped the bounce and gave us a drop down to new low below Y-1. Stopped going lower before touching downside ...READ MORELawrence's Comment Recap First half of the week dropped below Y-1 as expected. Then, reversed its course pretty much in sync with Aussie and Euro. Breaking above Y+1 in one sharp ...READ MOREHot n Cold (USDJPY) 2012-7-33DP Odds Table (USDJPY) 2017-09-14Precog Vision – Forex 2023-2-17GBPUSD Feb 11 to Feb 15 Outlook3DP Odds Table (USDJPY) 2012-01-06EURUSD Oct 25 to Oct 29 Outlook3DP Odds Table (USDJPY) 2015-06-29Intraday Cycle Projection (USDJPY) 2020-07-243DP Odds Table (USDJPY) 2016-03-09GBPUSD May 30 to Jun 03 Outlook
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Lawrence’s Comment
Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint.
Outlook
As usual retail traders are wrong. All kinds of opinions saying how bad the US economy is yet failed to recognize that the chart says breakout mode.
Normal breakout run gives us on average 200% previous week range. We got 300% this time. Consolidation likely around the closing price.
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