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Lawrence's Comment Recap Easiest play last week - just load it up at support mentioned last week and ninja smooth sailed to target Y+2. Closed the week at Y+2 and near week ...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 Quick slide down to Y-2 and took off back to above Y+0, just like what I described last week. Pullback / consolidation since. Closed the week below ...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 Nov 25 to Nov 29 OutlookIntraday Cycle Projection (USDJPY) 2014-06-30Precog Vision – Forex 2017-10-26Hot n Cold (USDJPY) 2012-6-29Hot n Cold (USDJPY) 2021-5-7USDCAD May 13 to May 17 OutlookNasdaq 100 Apr 23 to Apr 27 OutlookPrecog Vision – Forex 2020-5-183DP Odds Table (USDJPY) 2021-11-093DP Odds Table (USDJPY) 2013-04-16
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USDJPY Mar 11 to Mar 15 Outlook
Lawrence’s Comment
Short squeeze triggered after ninja refused to go below Y-0 at all. Then normal upside expansion to Y+2 before it stopped. Closed the week near week high and below Y+2.
Outlook
I was anticipating a potential squeeze as mentioned last week but I did not join the party as all my focus was on the S&P NFP play. And darn it turned into a beautiful rally.
Another strong range expansion to the upside is in place. There is no sign of weaknesses yet so again not the time to position swing short. Notice ninja is overbought in terms of time, not in terms of price as we did not get range expansion beyond 100% absolute range. Thus coming week is more likely to consolidate with upside bias.
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