Trading Edges That Last
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Lawrence's Comment Recap Another tight range week going nowhere. Near end of week the drop to Y-0 was bought up immediately. Closed the week near Y+1 and above midpoint. Outlook Clearing B+1 ...READ MOREPrecog Vision – Forex 2011-10-5Dow 30 Nov 20 to Nov 24 Outlook3DP Odds Table (USDJPY) 2013-07-02USDJPY Dec 27 to Dec 31 Outlook3DP Odds Table (USDJPY) 2018-12-053DP Odds Table (USDJPY) 2012-09-04Hot n Cold (USDJPY) 2019-10-4Precog Vision – Forex 2021-6-18USDJPY Sep 05 to Sep 09 OutlookAUDUSD Aug 13 to Aug 17 Outlook
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Lawrence’s Comment
Ninja tried to hold previous week close early in the week. It even spiked higher but failed to stay above Y+1. FBO led to a drop to Y-0 and below. Found support and bounced. Closed the week above Y-0 and near midpoint.
Outlook
FBO against Y+1 points to potential drop to Y-1 all the way. For the weekly to bottom out, B-1 support is now important. If B-1 acts as support, Ninja will get another chance to retest B+1.
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