Trading Edges That Last
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Lawrence's Comment Recap Dow pushed higher as expected early in the week. Since then failed to clear the upside and breached Y-0. The break led to all out sell off since. Closed ...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 MOREPrecog Vision – Forex 2023-5-2Intraday Cycle Projection (USDJPY) 2019-06-25Weekly Cycle Projection (USDJPY) 2015-07-27Dow 30 Aug 24 to Aug 28 Outlook3DP Odds Table (USDJPY) 2013-01-23Intraday Cycle Projection (USDJPY) 2015-05-06EURUSD Dec 28 to Jan 01 Outlook3DP Odds Table (USDJPY) 2020-04-02Precog Vision – Forex 2014-4-29Precog Vision – Forex 2023-5-2
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USDJPY Mar 26 to Mar 30 Outlook
Lawrence’s Comment
Y+1 acted as resistance and sent the pair back down to Y-1 as expected. Closed the week near week low and Y-1.
Outlook
Short term top in place meaning that the pair will have to either consolidate on weekly level or potentially pullback significantly.
To play the pullback, daytrading is preferred. Long term bias is to look for a weekly support zone to go long or adding to the long.
Next week as long as B-0 acting as resistance, B-2 in play.
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