Trading Edges That Last
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Lawrence's Comment Recap Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...READ MORELawrence's Comment Recap Out of the 100+ years of historical data I have, there were only a very small number of matching patterns for what has occurred last week in the ...READ MORELawrence's Comment Recap Short squeeze back up to Y+1 as expected filling the open gap above. The move was so dirty that it was erased right after and led to spike reversal ...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 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 MOREDow 30 Nov 09 to Nov 13 OutlookDow 30 Mar 21 to Mar 25 OutlookIntraday Cycle Projection (USDJPY) 2013-05-30Dow 30 May 16 to May 20 OutlookIntraday Cycle Projection (USDJPY) 2016-06-24Precog Vision – Forex 2017-4-17Precog Vision – Forex 2017-6-20S&P 500 Sep 09 to Sep 13 OutlookAUDUSD Oct 01 to Oct 05 OutlookHot n Cold (USDJPY) 2011-8-12
As Featured In
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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