Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support and then pushed this pair higher. Y+1 breached and then immediately snapped back down. Closed the week above Y-0 and B-0. Outlook The magiv 0.96 ...READ MORELawrence's Comment Recap Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint. Outlook There is no real direction developed from the week. Ukraine ...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 Y+1 cleared as expected. Consolidation action around Y+1. Closed the week above Y+1 and midpoint. Outlook Condolidation with strong close implies above B+1 likely. Strong reversal from above B+1 and below ...READ MORELawrence's Comment Recap FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint. Outlook Y-2 / B-1 ...READ MOREIntraday Cycle Projection (USDJPY) 2020-10-06USDCAD Sep 24 to Sep 28 OutlookGBPUSD Mar 10 to Mar 14 OutlookIntraday Cycle Projection (USDJPY) 2018-09-19EURUSD Jun 26 to Jun 30 OutlookEURUSD Jul 18 to Jul 22 OutlookPrecog Vision – Forex 2019-8-26USDCAD Aug 11 to Aug 15 OutlookAUDUSD May 02 to May 06 OutlookEURUSD Dec 03 to Dec 07 Outlook
As Featured In
USDJPY Jul 04 to Jul 08 Outlook
Lawrence’s Comment
As expected yen failed to escape out of the range established in the past few weeks. Tried to take out Y+2 and failed. Fell ack down to Y-0 and tried once more to the upside and rejected. Closed the week close to and above Y+1.
Outlook
As Y+2 was rejected decisively, the pair is likely to be forced to go back down to retest B-1 and Y-1 zone. No real direction is established from the price action of last week so congestion is expected to continue into this week.
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