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Lawrence's Comment Recap Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near week ...READ MORELawrence's Comment Recap Stronger than expected bounce led to tagging Y-0. But that was all we got. Closed the week near midpoint. Outlook Coiled up formation means breakout in the making. Focus ...READ MORELawrence's Comment Recap Consolidation as expected. Developed the top 1/2 first then dropped down to near Y-1 for a test. Closed the week below Y-0 and midpoint. Outlook Y-1 / B-1 support ...READ MOREIntraday Cycle Projection (USDJPY) 2011-07-013DP Odds Table (USDJPY) 2021-11-10Intraday Cycle Projection (USDJPY) 2021-12-23Nasdaq 100 Jul 13 to Jul 17 OutlookUSDJPY May 26 to May 30 OutlookNasdaq 100 May 28 to Jun 01 OutlookIntraday Cycle Projection (USDJPY) 2018-03-19Hot n Cold (USDJPY) 2023-5-1USDCAD Apr 27 to May 01 OutlookIntraday Cycle Projection (USDJPY) 2020-12-28
As Featured In
USDJPY Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Previous week close resistance sent the pair down to Y-0. Y-0 did not act as support at all gave us test of Y-1. Y-1 also failed to act as support sent it down to normal downside target of Y-2. Bounced to Y-1 right after. Closed the week below Y-1 and midpoint.
Outlook
The first part of the pullback happened last week was expected but words from BOJ to talk down the pair added fuel to the downside. This gives us a good idea the level of 125 and above will cause BOJ to do something about it.
Consolidation is expected after last week’s actions. Retest of B-1 is likely with B-0 resistance.
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