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Lawrence's Comment Recap Took out Y-1 at the start of the week and recovered. A false breakout of one extreme points to the potential of tagging the other side in ...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 MORELawrence's Comment Recap ES failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe sent ...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 MORE3DP Odds Table (USDJPY) 2017-05-18USDCAD Jul 15 to Jul 19 OutlookHot n Cold (USDJPY) 2022-7-1Hot n Cold (USDJPY) 2022-8-5Dow 30 Feb 06 to Feb 10 OutlookS&P 500 Nov 06 to Nov 10 OutlookPrecog Vision – Forex 2013-5-3S&P 500 Jan 05 to Jan 09 OutlookPrecog Vision – Forex 2014-7-173DP Odds Table (USDJPY) 2022-10-27
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USDJPY Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Got the retest of Y+1 early in the week. Y+1 breached easily points to more upside. Previous week close acted as support on pullback and voila we got Y+2. Closed the week above Y+1 and midpoint.
Outlook
The breakout to the upside is now confirmed as Y+1 is now cleared. The zone B-1 / Y+1 is now very strong support and pullbacks should not breach the zone. More upside is expected.
Notice that due to the various problems Japan is having right now, its macro weaknesses could be finally catching up. This is not a reflection of US dollar gaining strength based on fundamental reasons.
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