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Lawrence's Comment Recap As mentioned last time, NQ was the weakest of the 3 major indices and that ES and Dow may drag it all the way up. That's exactly what happened ...READ MORELawrence's Comment Recap 1-2-3 buy off Y-1 in the beginning of the week pushed cable back up to also Y+1. Yet it was not strong enough and sold off from 1-2-3 sell ...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 Jul 17 to Jul 21 OutlookIntraday Cycle Projection (USDJPY) 2013-11-19Nasdaq 100 Jan 21 to Jan 25 Outlook3DP Odds Table (USDJPY) 2017-01-09GBPUSD Mar 11 to Mar 15 OutlookGBPUSD Dec 17 to Dec 21 OutlookPrecog Vision – Forex 2018-1-22Weekly Cycle Projection (USDJPY) 2014-10-133DP Odds Table (USDJPY) 2015-10-15Intraday Cycle Projection (USDJPY) 2015-04-27
As Featured In
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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