Trading Edges That Last
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Lawrence's Comment Recap Consolidation expectation was correct with ninja dropped back down near Y-1 at the support area mentioned last week. Bounce from support failed to clear Y-0 led to another drop ...READ MORELawrence's Comment Recap Held Y-1 as support, took off and tagged Y+1. That part was expected. The failure to go higher than Y+1 leading to a pullback was also expected. ...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 Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint. ...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 Aug 11 to Aug 15 Outlook3DP Odds Table (USDJPY) 2011-09-15GBPUSD Feb 21 to Feb 25 OutlookPrecog Vision – Forex 2023-5-23DP Odds Table (USDJPY) 2017-01-09Nasdaq 100 Oct 24 to Oct 28 Outlook3DP Odds Table (USDJPY) 2016-09-09AUDUSD Nov 03 to Nov 07 OutlookPrecog Vision – Forex 2014-6-17USDJPY Nov 22 to Nov 26 Outlook
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USDJPY Jul 13 to Jul 17 Outlook
Lawrence’s Comment
Similar to Cable, failing to clear previous week close led to a flush down to almost Y-3. Intervention happened and ninja went straight back up to Y-0. Closed the week near Y-0 and week high.
Outlook
The flush was partly a breakdown but also partly a stop hunt when ninja traded below Y-2.
Y-1 / B-0 acting as support will give ninja a chance to break this daily pullback process, with Y+1 to B+2 in play.
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