Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, "there is no upside at all for NQ". The price level NQ opened at was pretty much B+1 of the week. Big swings dropped NQ ...READ MORE3DP Odds Table (USDJPY) 2022-05-04Hot n Cold (USDJPY) 2011-4-73DP Odds Table (USDJPY) 2014-05-14Precog Vision – Forex 2020-9-8Precog Vision – Forex 2022-1-31S&P 500 Nov 16 to Nov 20 OutlookUSDCAD Jan 21 to Jan 25 OutlookHot n Cold (USDJPY) 2015-4-243DP Odds Table (USDJPY) 2022-09-07Nasdaq 100 Oct 13 to Oct 17 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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