Trading Edges That Last
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Lawrence's Comment Recap As expected the flush from the week prior to last did not produce more down side extension. Consolidated around Y-1 and Y-0. Closed the week above midpoint ...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 Euro could not hold up and retested Y-1. Then well timed news shock were released to punish the sellers. FBO against Y-1 that cleared Y-0 in 1 go gave ...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 First weekly higher low in place. 1.30 acted as support. And they found an excuse to clear 1.32. Closed the week printing 4 week highest high and above Y+1. Outlook Bullish ...READ MOREUSDCAD Dec 03 to Dec 07 OutlookGBPUSD Jun 21 to Jun 25 OutlookPrecog Vision – Forex 2019-5-30EURUSD Apr 08 to Apr 12 OutlookIntraday Cycle Projection (USDJPY) 2020-09-02Precog Vision – Forex 2015-7-7EURUSD Nov 20 to Nov 24 OutlookPrecog Vision – Forex 2018-7-5EURUSD Jan 14 to Jan 18 OutlookWeekly Cycle Projection (USDJPY) 2014-12-15
As Featured In
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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