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Lawrence's Comment Recap Cannot clear previous week close and led to all out selloff down to Y-3 target. Bounced from Y-3 and tested Y-1 from below. Closed the week below Y-1 and ...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 Pullback to support zone mentioned last week as expected. Attempt to bounce back up failed to clear 1.57 weekly resistance. Closed the week below Y-0 and midpoint. Outlook Inside ...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 MOREIntraday Cycle Projection (USDJPY) 2014-12-25GBPUSD Jul 13 to Jul 17 OutlookUSDCAD Oct 21 to Oct 25 OutlookPrecog Vision – Forex 2021-12-22GBPUSD May 25 to May 29 OutlookPrecog Vision – Forex 2021-6-2Weekly Cycle Projection (USDJPY) 2013-01-28USDJPY Jul 19 to Jul 23 OutlookPrecog Vision – Forex 2020-5-19Intraday Cycle Projection (USDJPY) 2022-11-08
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USDJPY Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Majority of the week was trapped within Y-0 to Y+1 as expected. The disaster just happened has brought the pair back down to Y-1 to close.
Outlook
It is not a good idea to touch this pair until after the developing events are over. Technical reactions to every piece of news coming off the wire can spike it as high as Y+1 and drop it as low as B-2 or even to B-3. If no new shocks coming from Japan, then a drift towards B-0 is likely.
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