Trading Edges That Last
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I often mention that when a major pair crosses its previous week midpoint, certain bias is triggered. Somehow many readers find it difficult to follow the concept. This is a ...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 Note: Somehow the post for last week is missing from the database. Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint. Outlook 3rd week ...READ MORELawrence's Comment Recap Y+1 resistance with BoJ announcement killed the upside immediately. News shock target of Y-1 cleared with Y-2 almost tagged. Closed the week near Y-2 and week low. Outlook Reactionary ...READ MORELawrence's Comment Recap Breakout play worked out nicely with Y-3 target almost tagged. Strong reaction at Y-3 brought this back up to the crime scene. Closed the week near Y-0 and above ...READ MOREWeekly Cycle Projection (USDJPY) 2015-04-27Weekly STOPD Pattern: Forex Bearish Midpoint Cross3DP Odds Table (USDJPY) 2020-05-22USDJPY Jun 27 to Jul 01 OutlookPrecog Vision – Forex 2015-5-25AUDUSD Aug 24 to Aug 28 OutlookUSDJPY May 02 to May 06 Outlook3DP Odds Table (USDJPY) 2019-07-24USDCAD Sep 21 to Sep 25 OutlookDow 30 May 16 to May 20 Outlook
As Featured In
USDJPY Feb 21 to Feb 25 Outlook
Lawrence’s Comment
As expected, not much movement for this pair due the rally made the week before this past week takes some time for the players to digest. The support level mentioned last week holds.
Outlook
As long as B-1 acts as support, a retest of B+1 is in order.
The more interesting scenario is that upon testing B-0 to Y+1, we get a lower high selloff to break B-1. Should that happens, B-3 is the target.
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