Trading Edges That Last
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Lawrence's Comment Recap Mario Draghi nuked the Euro melt down move and sparked a stop run of almost 500 pips. Closed near Y+4 and above midpoint. Outlook Seasonal effect on Euro is ...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 MORE3DP Odds Table (USDJPY) 2020-07-30Intraday Cycle Projection (USDJPY) 2017-12-143DP Odds Table (USDJPY) 2018-03-30Precog Vision – Forex 2015-8-25EURUSD Dec 07 to Dec 11 Outlook3DP Odds Table (USDJPY) 2013-08-26Hot n Cold (USDJPY) 2012-3-7Precog Vision – Forex 2018-8-31AUDUSD Nov 14 to Nov 18 OutlookNasdaq 100 Oct 15 to Oct 19 Outlook
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USDJPY Jul 15 to Jul 19 Outlook
Lawrence’s Comment
As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then Y-1. The violent reactions below Y-1 was obviously stop run. Closed the week at Y-1 and below midpoint.
Outlook
It looks like the start of a weekly level pullback. As long as ninja is trading around the prescribed bottom of the range at 98 this should be treated as a consolidation.
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