Trading Edges That Last
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Lawrence's Comment Recap As oppose to test and fill the gap above, first move of the week broken the Y-1 support. That tells us Y-2 and Y-3 were in play and ...READ MORELawrence's Comment Recap Consolidation around Y-1 and 50% range of the week before. Closed near the week low. Outlook No clear swing formation to lean on. Even last week I can tell ...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 MORES&P 500 Mar 21 to Mar 25 OutlookIntraday Cycle Projection (USDJPY) 2016-01-29GBPUSD May 28 to Jun 01 OutlookIntraday Cycle Projection (USDJPY) 2015-10-023DP Odds Table (USDJPY) 2016-09-01USDCAD Jan 31 to Feb 04 OutlookIntraday Cycle Projection (USDJPY) 2014-01-16Precog Vision – Forex 2020-11-23Hot n Cold (USDJPY) 2020-10-30Precog Vision – Forex 2019-10-7
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USDJPY Jun 18 to Jun 22 Outlook
Lawrence’s Comment
Consolidation above Y-0 as expected. Originally looked like a breakout to the upside was in the making, until news shock hit late in the week. Got the 200% expansion of the tight range. Closed the week at the low.
Outlook
Short term bullish scenario invalidated. Will be very difficult to trade this week as everyone is aware of the Y-1 / B-2 support area.
As long as B-0 acts as resistance, slight bias towards lower price.
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