Trading Edges That Last
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Lawrence's Comment Recap Gapped down to Y-2 to start the week provided the necessary fuel for Euro to run back up to Y-0. Since then all week in congestion due to the ...READ MORELawrence's Comment Recap Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...READ MORELawrence's Comment Recap No breakout. Simply consolidated within Y-1 to Y-0. Outlook Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the ...READ MORELawrence's Comment Recap Holding steady near Y+1 early in the week. Then spike high failed to hold above Y+1 and gave us the Y-0 target. Y-0 tagged later in the week. Closed ...READ MOREPrecog Vision – Forex 2019-10-7Precog Vision – Forex 2016-10-5Precog Vision – Forex 2019-7-11EURUSD Jul 06 to Jul 10 OutlookUSDCAD Oct 13 to Oct 17 OutlookGBPUSD Jul 04 to Jul 08 Outlook3DP Odds Table (USDJPY) 2022-05-11Intraday Cycle Projection (USDJPY) 2021-06-28USDJPY Jun 02 to Jun 06 OutlookNasdaq 100 Jul 09 to Jul 13 Outlook
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USDJPY May 26 to May 30 Outlook
Lawrence’s Comment
Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near week high.
Outlook
A forced reversal is in place. It does not matter what caused the reversal. What matters is that it reversed from the right price level and formed FBO against the long term support.
As long as B-0 / Y-1 acting as support, B+2 and more upside is likely.
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