Trading Edges That Last
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Lawrence's Comment Recap Y-1 breached early in the week points to a drop to Y-2 and below in the making. Sold off until Y-2 / 1.20 round number level attracted buyers. Bounced ...READ MORELawrence's Comment Recap The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We ...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 MORELawrence's Comment Recap Multiple pushes to the downside failed to push the price lower. After a FBO against week low printed earlier in the week, a rally was resulted. Closed the week ...READ MOREIntraday Cycle Projection (USDJPY) 2016-05-10Dow 30 Jun 07 to Jun 11 Outlook3DP Odds Table (USDJPY) 2019-10-07USDCAD May 04 to May 08 OutlookIntraday Cycle Projection (USDJPY) 2020-04-14Intraday Cycle Projection (USDJPY) 2014-07-31EURUSD Apr 12 to Apr 16 OutlookGBPUSD Mar 19 to Mar 23 OutlookPrecog Vision – Forex 2021-5-13USDCAD Feb 11 to Feb 15 Outlook
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USDJPY Mar 07 to Mar 11 Outlook
Lawrence’s Comment
First move taken out 82 early in the week, staged a strong comeback potential. After testing previous week low again, did a 1-2-3 buy and tagged target Y-0 mentioned last week. Surged to 2x the breakout range and closed the week at B-0.
Outlook
If B-0 is defended, retest of B+1 later in the week is likely. However, due to the close being neutral, next week could be range bounded within B-0 to B+1.
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