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Lawrence's Comment Recap Ninja found support at previous week close and Y-0 in the beginning of the week. That gave us up drift bias for Y+1. Breakout above Y+1 and stayed above. ...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 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 As expected we got a consolidation but Y-0 was never touched. this indicated a lot more trapped shorts were still refusing to give up. That led to the 3rd ...READ MORERecap of Last Week Did not post about this pair last week as the better play was euro. The upside breakout triggered on this one anyway and the 200% ...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 MOREUSDJPY Dec 30 to Jan 03 OutlookPrecog Vision – Forex 2016-6-13Precog Vision – Forex 2015-7-1EURUSD Mar 17 to Mar 21 Outlook3DP Odds Table (USDJPY) 2014-11-13GBPUSD Jan 17th to 21th Outlook3DP Odds Table (USDJPY) 2019-07-24Intraday Cycle Projection (USDJPY) 2012-01-04Weekly Cycle Projection (USDJPY) 2014-02-24Precog Vision – Forex 2017-2-21
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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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