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Lawrence's Comment Recap FBO against Y+1 gave us a drop until 100% absolute range expansion. Since then bounced back up to week midpoint. Closed the week near Y-0 and below midpoint. ...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 MORENasdaq 100 Apr 09 to Apr 13 OutlookUSDCAD Oct 03 to Oct 07 OutlookIntraday Cycle Projection (USDJPY) 2011-07-26Precog Vision – Forex 2019-1-113DP Odds Table (USDJPY) 2020-07-21Intraday Cycle Projection (USDJPY) 2013-05-02AUDUSD Jul 22 to Jul 26 Outlook3DP Odds Table (USDJPY) 2023-01-093DP Odds Table (USDJPY) 2015-02-05Nasdaq 100 Sep 04 to Sep 08 Outlook
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USDJPY May 02 to May 06 Outlook
Lawrence’s Comment
Y+1 resistance with BoJ announcement killed the upside immediately. News shock target of Y-1 cleared with Y-2 almost tagged. Closed the week near Y-2 and week low.
Outlook
Reactionary bounce points to a test of at least Y-1 and potentially B-0. We cannot be sure if Ninja can hold B-1 though as momentum points to the historical lower support at 104 is now in play.
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