Trading Edges That Last
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Lawrence's Comment Recap Found support at the support zone mentioned last week. Rallied to Y+1 and closed the week there. Outlook Likely that the pair has found its daily level bottom. As long ...READ MOREWeekly Cycle Projection (USDJPY) 2015-06-08Precog Vision – Forex 2016-12-9Hot n Cold (USDJPY) 2022-6-3Dow 30 Feb 28 to Mar 04 OutlookGBPUSD Apr 17 to Apr 21 Outlook3DP Odds Table (USDJPY) 2013-08-23Intraday Cycle Projection (USDJPY) 2013-10-02USDCAD Feb 19 to Feb 23 Outlook3DP Odds Table (USDJPY) 2021-04-29USDCAD Jun 27 to Jul 01 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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