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Lawrence's Comment Recap A easy week with Dow. Pullback to Y-0. Strong reaction to the support. Cleared Y+1 in one go and Y+2 target mentioned last week was quickly right after. In ...READ MORELawrence's Comment Recap Quiet start like other pairs until FOMC news shock. Y+2 usual upside target blocked the upswing. Closed the week above Y-0 and below midpoint. Outlook Loonie rejected the upside decisively.As long ...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 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 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 MOREWeekly Cycle Projection (USDJPY) 2012-12-03Dow 30 Nov 18 to Nov 22 Outlook3DP Odds Table (USDJPY) 2023-05-02USDCAD Dec 23 to Dec 27 Outlook3DP Odds Table (USDJPY) 2020-11-10USDCAD Apr 03 to Apr 07 OutlookWeekly Cycle Projection (USDJPY) 2013-07-22Precog Vision – Forex 2022-4-6Precog Vision – Forex 2023-2-15Precog Vision – Forex 2014-7-16
As Featured In
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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