Trading Edges That Last
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Lawrence's Comment Recap Slow drift back down near Y-0 as expected. Then took off and tagged Y+1. Pushing higher since. Closed the week above Y+1 and midpoint. Outlook I was looking for Y+2 by ...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 Overnight pre-open, the downside target was tagged by the index futures, since then Dow never looked back. Trend buy all the way bac up to where the sell off ...READ MORELawrence's Comment Recap Flushed to downside target as mentioned last week and the expected pause started. Sideway actions all week at 50% range. Closed the week near Y-1 and above midpoint. ...READ MORE3DP Odds Table (USDJPY) 2023-02-23Precog Vision – Forex 2013-4-173DP Odds Table (USDJPY) 2021-04-053DP Odds Table (USDJPY) 2012-12-17GBPUSD Mar 25 to Mar 29 OutlookPrecog Vision – Forex 2019-1-4Intraday Cycle Projection (USDJPY) 2016-04-14USDJPY Feb 13 to Feb 17 OutlookDow 30 Nov 23 to Nov 27 OutlookNasdaq 100 Feb 15 to Feb 19 Outlook
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USDJPY Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Pullback as expected. Down to Y-0 zone as expected. And took off to retest Y+1, then breakout to almost Y+2. Closed the week near high of week.
Outlook
The upside target of Y+2 was not tagged. It should be tagged early next week.
The 81-82 resistance area is now cleared. Next is likely short term top near 83 area. Most of the initial upside momentum are now used up so going higher will be more difficult.
From this point onward, dollar yen has to build a long term higher base to absorb the sellers without dropping below 79 (preferred 80).
Next week looking for a run to Y+2 upto B+2 for a top to form.
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