Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Bounced off support zone mentioned last week. Tagged upside targets and consolidated since. Closed the week above Y-0 and midpoint. Outlook As explained last week, a complex pullback 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 MORELawrence's Comment Recap Bearish bias on euro pays off. Euro could not hold previous week close and fell back down to Y-0. Not much bounce was observed when euro continue to drop ...READ MORE3DP Odds Table (USDJPY) 2021-05-06Intraday Cycle Projection (USDJPY) 2020-09-02Nasdaq 100 Jul 20 to Jul 24 Outlook3DP Odds Table (USDJPY) 2016-06-07GBPUSD Jul 20 to Jul 24 OutlookIntraday Cycle Projection (USDJPY) 2012-02-27Precog Vision – Forex 2019-10-7Weekly Cycle Projection (USDJPY) 2021-03-29EURUSD Jun 16 to Jun 20 OutlookWeekly Cycle Projection (USDJPY) 2017-12-04
As Featured In
USDJPY Feb 16 to Feb 20 Outlook
Lawrence’s Comment
As expected ninja zoomed higher and got the main upside target Y+2. Ninja stalled back down quickly right after. Closed the week below Y+1 and near week low.
Outlook
120 and above strong resistance. First retest with strong reaction there is expected. The main thing is whether BOJ can lock ninja within the golden range that they said ninja should be trading within, 118 to 120. Chart pattern suggests that ninja has resistance above Y+1 and more likely to move lower to challenge B-2 where the the sudden urge started.
Share