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Lawrence's Comment Recap Similar to Dow, NQ found support at Y-0 and started another leg higher until Y+2 was tagged. Following the exact same pattern as Dow, NQ pullback to Y+1 to ...READ MORELawrence's Comment Recap The less likely scenario happened. Free ride from Y-0 to Y-2. Closed the week above Y-1. Outlook The reaction at B-0 points to a retest of B-1. Congestion within B-0 ...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 MORENasdaq 100 Nov 09 to Nov 13 Outlook3DP Odds Table (USDJPY) 2013-07-263DP Odds Table (USDJPY) 2019-10-07AUDUSD May 09 to May 13 OutlookIntraday Cycle Projection (USDJPY) 2022-11-03Hot n Cold (USDJPY) 2017-7-143DP Odds Table (USDJPY) 2011-04-293DP Odds Table (USDJPY) 2012-01-26Precog Vision – Forex 2011-10-7GBPUSD Apr 17 to Apr 21 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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