Trading Edges That Last
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Lawrence'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 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 Y-0 resistance sent Aussie down to Y-1 and the original down side target. Y-1 turning into resistance gave way to Y-2. Closed the week below Y-2 and at week ...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 MOREPrecog Vision – Forex 2020-12-7GBPUSD May 30 to Jun 03 OutlookGBPUSD Aug 07 to Aug 11 OutlookPrecog Vision – Forex 2016-5-13AUDUSD Sep 07 to Sep 11 OutlookIntraday Cycle Projection (USDJPY) 2018-07-303DP Odds Table (USDJPY) 2019-05-21Intraday Cycle Projection (USDJPY) 2016-03-31Precog Vision – Forex 2020-12-22Precog Vision – Forex 2016-9-16
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USDJPY Aug 27 to Aug 31 Outlook
Lawrence’s Comment
Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into full break down until 100% absolute range expansion was reached.
Outlook
Very odd breakdown due to news shock. Unless price can push back above Y-0 / B-0, short term longs are trapped.
More weaknesses expected this coming week.
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