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Lawrence's Comment Recap Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and ...READ MORELawrence's Comment Recap Weak open led to a flush lower but failing to tag Y-2. This gave us a squeeze back up to week high. Close the week near Y-1 and above ...READ MORELawrence's Comment Recap Forced itself to breakout upside but obviously it has no support underneath at all and snapped back to the week low once it failed to hold above Y+1. Outlook Our ...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 MORE3DP Odds Table (USDJPY) 2011-11-09Intraday Cycle Projection (USDJPY) 2015-02-113DP Odds Table (USDJPY) 2016-11-013DP Odds Table (USDJPY) 2017-09-28Dow 30 Jun 06 to Jun 10 OutlookGBPUSD Jan 25 to Jan 29 Outlook3DP Odds Table (USDJPY) 2021-08-11USDJPY Jul 11 to Jul 15 Outlook3DP Odds Table (USDJPY) 2019-06-04Precog Vision – Forex 2011-7-4
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USDJPY May 19 to May 23 Outlook
Lawrence’s Comment
Ninja held support, no follow-thru to the downside as expected. A spike back up to Y+1 failed to hold, gave us a drop to Y-0 and eventually Y-1. Closed the week near Y-1 and below B-0.
Outlook
The Y-1 / B-1 zone has been the support for months. Every time it is challenged, something magical happened to reverse the course. Maybe intervention, maybe not.
As long as B-0 acting as resistance, B-2 and below in play.
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