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Lawrence's Comment Recap Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint. Outlook B-0 / 1.42 strong ...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 MORELawrence's Comment Recap Classic consolidation near Y+1 at 50% of previous week range. Closed the week above midpoint and Y+1. Outlook Probably no direction until after new year. As long as B-1 ...READ MOREGBPUSD Apr 11 to Apr 15 OutlookUSDJPY Nov 28 to Dec 02 OutlookIntraday Cycle Projection (USDJPY) 2015-04-23Precog Vision – Forex 2016-5-43DP Odds Table (USDJPY) 2021-11-19EURUSD Sep 10 to Sep 14 OutlookUSDJPY Dec 24 to Dec 28 OutlookUSDJPY Apr 10 to Apr 14 OutlookIntraday Cycle Projection (USDJPY) 2014-10-31S&P 500 Mar 06 to Mar 10 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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