Trading Edges That Last
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Lawrence's Comment Recap As expected cable dropped to Y-2. It bounced back above Y-1 right after forcing a push back to above Y-0. Closed the week near Y-0. Outlook Below 1.6 is rejected. ...READ MORE3DP Odds Table (USDJPY) 2012-08-073DP Odds Table (USDJPY) 2019-10-07Precog Vision – Forex 2022-11-21Precog Vision – Forex 2019-10-7Intraday Cycle Projection (USDJPY) 2017-04-113DP Odds Table (USDJPY) 2013-09-30Hot n Cold (USDJPY) 2013-11-29Precog Vision – Forex 2017-2-22Intraday Cycle Projection (USDJPY) 2012-05-04GBPUSD Oct 29 to Nov 02 Outlook
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USDJPY Nov 03 to Nov 07 Outlook
Lawrence’s Comment
How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with upside breakout followed. Of course, it turned out that someone knew about the BOJ plan and it showed in the chart. BOJ shock and awe took ninja up to Y+5. Closed the week above Y+4 and near week high.
Outlook
It will take a few days to tell if the market has absorbed the impact yet. For now, above B+1 likely due to the momentum. Even a consolidation week is in play it will be wide range around B+1.
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