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Lawrence's Comment Recap Violent reaction to Greece situation kickstarted the week. Strong gap breakout to the upside points to Y+3 in play. We got Y+3 and Dow was stuck since. Closed the ...READ MORELawrence's Comment Recap Started the week testing Y-0 from below and failed to push higher. That gave us a drop to Y-1. FBO at Y-1 sent ninja higher. Found resistance at the ...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 MORELawrence's Comment Recap Was looking for further downside and we got that. Not quite tagging Y-3 as Dow stopped going lower when it reached 100% absolute range expansion. V-shape reversal since and ...READ MORELawrence's Comment Recap Y-1 retested and defended. For more details read the comments on Dow. Closed the week near midpoint. Outlook Almost inside week. Y-1 defended means B+1 will be challenged. Critical ...READ MOREDow 30 Jul 20 to Jul 24 OutlookIntraday Cycle Projection (USDJPY) 2018-06-21USDJPY Jan 13 to Jan 17 OutlookPrecog Vision – Forex 2018-4-19Precog Vision – Forex 2014-2-13Intraday Cycle Projection (USDJPY) 2015-10-14Dow 30 Oct 14 to Oct 18 OutlookIntraday Cycle Projection (USDJPY) 2021-08-20S&P 500 Sep 03 to Sep 07 OutlookHot n Cold (USDJPY) 2018-10-12
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USDJPY May 28 to Jun 01 Outlook
Lawrence’s Comment
As stated last week, “Early week buy setup above B-1 will send the pair back up to B-0 quickly”. Did it but that’s all we got. Closed the week at midpoint and below Y-0.
Outlook
Inside week with lower midpoint. If it were swinging normally I would say breakout with downside continuation bias.
But it was not normal – 3 news shocks over 2 weeks formed a big triangle. Breakout upside points to quick run to Y+1 / B+2.
Keeping an open mind on this one.
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