Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Consolidation as expected with a very thin up channel in place all week. Spike breaks of the channel all failed throughout the week. Closed the week near Y+1 and ...READ MORELawrence's Comment Recap As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the ...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 MOREPrecog Vision – Forex 2016-5-17Intraday Cycle Projection (USDJPY) 2019-06-243DP Odds Table (USDJPY) 2018-08-29Nasdaq 100 Nov 02 to Nov 06 OutlookIntraday Cycle Projection (USDJPY) 2017-07-03Nasdaq 100 Nov 14 to Nov 18 OutlookGBPUSD Sep 30 to Oct 04 OutlookPrecog Vision – Forex 2013-1-28USDJPY May 09 to May 13 OutlookHot n Cold (USDJPY) 2019-7-5
As Featured In
USDJPY Feb 28 to Mar 04 Outlook
Lawrence’s Comment
The interesting scenario mentioned last week has played out nicely and tagged the 1st target of Y-3 and also the 2nd target of Y-4. Closed at the low of the week. Notice how the range of previous week acted as the yardstick on every move throughout the week according to the rules of STOPD.
Outlook
Y-5 is likely to be tagged in the beginning of the week as that is also the monthly low zone.
A close of the month above 82 implies a quick rally back up to B-0.
Closing below that, will point to congestion for some time and downside bias until B-1 acts as support.
Share