Trading Edges That Last
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Lawrence's Comment Recap Retest of Y+1 as expected. Failed to clear it, gave us consolidation above Y-0. Closed the week above Y-0 and near midpoint. Outlook Inside week and extreme tight range. Breakout play ...READ MORELawrence's Comment Recap Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint. Outlook Weekly up trend ...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 MOREPrecog Vision – Forex 2018-1-29GBPUSD Apr 28 to May 02 Outlook3DP Odds Table (USDJPY) 2014-03-06USDCAD Jun 01 to Jun 05 OutlookHot n Cold (USDJPY) 2020-11-133DP Odds Table (USDJPY) 2019-07-05Precog Vision – Forex 2012-1-6USDCAD Oct 30 to Nov 03 OutlookHot n Cold (USDJPY) 2015-3-133DP Odds Table (USDJPY) 2011-07-20
As Featured In
USDJPY May 12 to May 16 Outlook
Lawrence’s Comment
Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint.
Outlook
The selloff down to Y-2 is just normal reaction to the spike reversal from Y+1. There is no need for any follow thru.
If ninja fails to clear Y-1 this week, 101 and 100.5 are definitely in play.
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