Trading Edges That Last
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Lawrence's Comment Recap Bullish scenario happened where Y-0 was taken out quickly. Y+1 target reached. Stalled back down to Y-0. Closed the week above midpoint. Outlook Strong reaction at Y+1 indicates strong resistance ...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 MOREPrecog Vision – Forex 2011-4-14Hot n Cold (USDJPY) 2019-10-4Hot n Cold (USDJPY) 2022-2-18Weekly Cycle Projection (USDJPY) 2020-08-313DP Odds Table (USDJPY) 2012-01-12Intraday Cycle Projection (USDJPY) 2013-04-19AUDUSD Dec 26 to Dec 30 OutlookPrecog Vision – Forex 2021-11-15Intraday Cycle Projection (USDJPY) 2015-07-20Intraday Cycle Projection (USDJPY) 2018-07-20
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USDJPY Dec 02 to Dec 06 Outlook
Lawrence’s Comment
Popped higher right from the start of the week. Pullback found support at Y+1 / previous week close pointing to Y+2 target in play. Got Y+2 and consolidated around it since. Closed the week near Y+2 and week high.
Outlook
Ninja unstable after tagging 102. On weekly basis ninja has completed its primary upside objective for now. Unless some fundamental event happens, ninja will have a difficult time going higher from here.
A pullback is due but not necessary until ninja is stretched a bit further. A spike high reversal against B+1 points to a more significant pullback to B-1 is likely.
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