Trading Edges That Last
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Lawrence's Comment Recap First time since beginning of the year where Y-0 acted as resistance and gave us a selloff down to my target area 14800-14900. As I warned last week, beware ...READ MORELawrence's Comment Recap Dropped to down channel target of below Y-2. Channel overshoot gave us a run back up to channel top above Y-1 and started a short squeeze. Yet, Dow failed ...READ MORELawrence's Comment Recap Development in Libya and Japan shocks many markets including this one. Failed to hold above Y-0 and stalled to a tight range between Y-1 to Y-0. Outlook If B+1 is ...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 2011-11-21Dow 30 Jun 10 to Jun 14 Outlook3DP Odds Table (USDJPY) 2013-01-173DP Odds Table (USDJPY) 2015-02-16Dow 30 Jan 20 to Jan 24 OutlookUSDCAD Mar 28 to Apr 01 OutlookPrecog Vision – Forex 2014-4-2Nasdaq 100 May 08 to May 12 OutlookIntraday Cycle Projection (USDJPY) 2013-09-303DP Odds Table (USDJPY) 2016-10-05
As Featured In
USDJPY Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Ninja tested Y+1 and failed to clear it. Dropped back down to Y-0 and found support. 2nd attempt at Y+1 cleared it and moved higher until 100% absolute range expansion. Failed to hold above Y+1 sent it back down to Y-1. Bounced off Y-1. Closed the week above Y-0 and midpoint.
Outlook
Sideway actions simply reflect the lower liquidity during this holiday season. 2-way play with no follow through is expected.
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