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Lawrence's Comment Recap Bullish scenario unfolded as expected. NQ held Y-0, tested Y+1, pullback to Y-0 and took off. Got Y+2 upside target with no heat taken. Closed the week above Y+2 ...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 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 MOREHot n Cold (USDJPY) 2012-5-173DP Odds Table (USDJPY) 2018-06-11Nasdaq 100 May 26 to May 30 OutlookPrecog Vision – Forex 2023-2-23Precog Vision – Forex 2018-10-15Hot n Cold (USDJPY) 2012-6-14EURUSD Jul 15 to Jul 19 Outlook3DP Odds Table (USDJPY) 2017-08-17Precog Vision – Forex 2020-10-30S&P 500 Apr 04 to Apr 08 Outlook
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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