Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap NQ found support overnight before Monday open and rallied straight up since. This move caught many people by surprise and further fueled the run to clear Y-0 quickly, giving ...READ MORELawrence's Comment Recap Tagged Y-2 as expected. Then came the empty promises from various officials in Europe. Short squeeze all the way. Closed the week near week high. Outlook Same old empty ...READ MOREBull Putting is the concept of taking advantage of a strong up swing to catch some profit from the remaining part of the move. The idea is sound but most ...READ MORENasdaq 100 Nov 23 to Nov 27 OutlookIntraday Cycle Projection (USDJPY) 2014-04-23EURUSD Jul 30 to Aug 03 OutlookIntraday Cycle Projection (USDJPY) 2019-08-07Forex Trading Open Secrets: Euro Dollar Bull PuttingS&P 500 Oct 01 to Oct 05 OutlookGBPUSD Feb 28 to Mar 04 OutlookHot n Cold (USDJPY) 2011-10-123DP Odds Table (USDJPY) 2012-11-01Weekly Cycle Projection (USDJPY) 2013-07-22
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.
Share