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Lawrence's Comment Recap Sold off from resistance mentioned last week down to Y-2 target. Closed the week below Y-1 and near week low. Outlook Breaking below B-1 without testing B-0 first points ...READ MORE3DP Odds Table (USDJPY) 2018-06-22S&P 500 Apr 22 to Apr 26 OutlookEURUSD May 16 to May 20 OutlookEURUSD May 07 to May 11 Outlook3DP Odds Table (USDJPY) 2015-06-26Weekly Cycle Projection (USDJPY) 2011-11-21Weekly Cycle Projection (USDJPY) 2013-01-073DP Odds Table (USDJPY) 2015-11-273DP Odds Table (USDJPY) 2013-06-11Intraday Cycle Projection (USDJPY) 2018-01-03
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USDJPY Jul 18 to Jul 22 Outlook
Lawrence’s Comment
We got our downside move and we got way more than we asked for. Not just y-2 was tagged, Yen slided all the way to below Y-3 and triggered extended target of Y-5. Once Y-5 was tagged, we got a bounce back to Y-3 as expected. All in all, violent reactions within the context prescribed by STOPD.
Outlook
B-0 is now strong resistance. Only when Yen trade above B-0 before considering any long position. The reason is that such strong moves seldom ends after a single leg. B-2 is in play.
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