Trading Edges That Last
- You May Also LikeFor 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 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 MORE3DP Odds Table (USDJPY) 2021-10-07Intraday Cycle Projection (USDJPY) 2015-06-163DP Odds Table (USDJPY) 2019-01-10Precog Vision – Forex 2020-12-17Precog Vision – Forex 2015-12-7Precog Vision – Forex 2011-12-28Hot n Cold (USDJPY) 2011-5-24Intraday Cycle Projection (USDJPY) 2012-11-06Precog Vision – Forex 2023-5-23DP Odds Table (USDJPY) 2013-05-07
As Featured In
USDJPY Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Tight range choppy mess as expected and the projected move to near 120 happened twice. Closed the week above Y+1 and midpoint.
Outlook
The BOJ intention is clear, they do not really cap ninja on the upside as they think ninja will be unsustainable beyond 124 so all they have been doing is defending 118-119. Their action produces a strongly unbalanced market force on higher timeframes with potential monthly breakout to the upside. Unintended consequence can be a melt up to 128 on monthly. Until ninja can drop below 118 and stay below on weekly closing basis, proving BOJ is willing to let ninja “float”, short side play has very limited potential.
Share