Trading Edges That Last
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Lawrence's Comment Recap Consolidation in 1st half of the week as expected. Spike to the upside paved way to Y+2 and then the breakout carried ninja to the target. Closed the week ...READ MORE3DP Odds Table (USDJPY) 2022-06-29Dow 30 Mar 21 to Mar 25 Outlook3DP Odds Table (USDJPY) 2016-02-05Precog Vision – Forex 2018-11-28Precog Vision – Forex 2020-8-18Intraday Cycle Projection (USDJPY) 2014-09-293DP Odds Table (USDJPY) 2013-01-17Intraday Cycle Projection (USDJPY) 2013-02-19AUDUSD Nov 27 to Dec 01 OutlookUSDJPY Feb 04 to Feb 08 Outlook
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USDJPY May 09 to May 13 Outlook
Lawrence’s Comment
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means higher timeframes in control. In this case, we have the multiple year low made not too long ago in sight. Should a buy setup formed here and materialized, we probably have a multiple year low established and this pair should move higher.
The big question is that can the multiple year spike low act as support at all. This week will be critical.
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