Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap The weakest out of the 3 major indices, still rallied all its way until 200% absolute range expansion was completed. Closed the week at Y+2. Outlook The failure to take ...READ MORELawrence's Comment Recap Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high. Outlook Summer ...READ MORELawrence's Comment Recap S&P pullback was expected and pretty much landed and ended at the Y-0 support precisely. Since then S&P drifted back up to new high again. Closed the week above ...READ MORES&P 500 Jul 25 to Jul 29 Outlook3DP Odds Table (USDJPY) 2014-04-16GBPUSD Jul 30 to Aug 03 OutlookIntraday Cycle Projection (USDJPY) 2020-05-04S&P 500 Jan 06 to Jan 10 OutlookS&P 500 Nov 25 to Nov 29 Outlook3DP Odds Table (USDJPY) 2013-03-27Hot n Cold (USDJPY) 2022-7-22USDCAD Feb 06 to Feb 10 OutlookIntraday Cycle Projection (USDJPY) 2018-05-16
As Featured In
USDJPY Nov 21 to Nov 25 Outlook
Lawrence’s Comment
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low on weekly against its low before the intervention to confirm the long term bottom is in place. Looks like it will be a long and painful process.
For the upcoming week, weaknesses point to B-2 is in the card if B-0 acts as resistance.
Share