Trading Edges That Last
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Lawrence's Comment Recap The sarcastic question I asked last week was answered. Dow held previous week close and zoomed higher. Closed the week at Y+3 and week high. Outlook Widest weekly range for quite ...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 Y-0 did not act as support at all on first test. This opened the door to Y-1 and the test of Y-1 led to a strong bounce. Closed the ...READ MORELawrence's Comment Recap As expected Aussie cannot even tag Y-0 and sold off back down to Y-1. Struggled around Y-1 in 2nd half of the week. Closed the week below Y-1 and ...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) 2015-04-02Intraday Cycle Projection (USDJPY) 2011-06-16Hot n Cold (USDJPY) 2011-7-4Dow 30 May 20 to May 24 OutlookPrecog Vision – Forex 2019-10-7AUDUSD May 13 to May 17 OutlookUSDCAD May 11 to May 15 OutlookAUDUSD Sep 02 to Sep 06 OutlookAUDUSD Nov 21 to Nov 25 OutlookPrecog Vision – Forex 2018-1-18
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USDJPY May 27 to May 31 Outlook
Lawrence’s Comment
Held Y-0 and pushed higher for upside breakout and failed. That lead to a clear break of Y-1 and turning Y-0 into resistance. Closed the week at Y-1 and below midpoint.
Outlook
Both upside target and downside target were not reached. Outside week reversal in place so more downside is expected. Obvious target for now is B-2 as that is also where the melt up move started. That causes a problem as the Japanese government and BOJ want dollar yen to go higher. Not sure if they will intervene heavily to defend the 100 area.
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