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Lawrence's Comment Recap Pullback stopped right at Y-0. Rallied above Y+1 yet failed to hold above Y+1. Normally we get a drop to Y-1 but again it was not a normal week. ...READ MORELawrence's Comment Recap Easy play of the week. Got the breakout to the downside early in the week, run straight down to Y-3 and consolidated since. Closed the week below Y-2 and ...READ MORELawrence's Comment Recap Rallied to target zone as expected. Pull back to Y+1 produced a bounce but failed to hold above Y+1 afterwards and sold off to Y-0 to close the ...READ MORELawrence's Comment Recap Breached Y-1 in the beginning of the week but did not stay below. Bounced to Y-0 and stopped there as usual. Sold back down to Y-1. Closed the week ...READ MORE3DP Odds Table (USDJPY) 2023-05-02Nasdaq 100 Nov 24 to Nov 28 Outlook3DP Odds Table (USDJPY) 2012-08-13Weekly Cycle Projection (USDJPY) 2013-05-27USDCAD May 05 to May 09 OutlookUSDJPY Jun 20 to Jun 24 OutlookEURUSD Jul 14 to Jul 18 OutlookNasdaq 100 Aug 09 to Aug 13 OutlookUSDCAD Jan 29 to Feb 02 OutlookEURUSD Nov 09 to Nov 13 Outlook
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USDJPY Feb 27 to Mar 02 Outlook
Lawrence’s Comment
Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get to the upside target.
Outlook
Tagging Y+3 likely in the beginning of the week.
Weaknesses at that area points to a pullback back to B-0.
As mentioned many times here, was looking for a long term bottom for this pair and the breaking of 80 area confirmed that. Low 90s is the long term target.
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