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Lawrence's Comment Recap Moved lower in the beginning of the week as expected. Reversal from there to challenge Y-0 and gave us the Y+1 run. Closed at week high and right below ...READ MORELawrence's Comment Recap Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below ...READ MORELawrence's Comment Recap Rallied to Y+1 but failed to hold above it. That points to a pullback to Y-0. Instead, ES gapped thru Y-0 and dropped to 100% absolute range expansion ...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 MOREHot n Cold (USDJPY) 2021-12-17Dow 30 Mar 14 to Mar 18 Outlook3DP Odds Table (USDJPY) 2015-10-22USDJPY Oct 14 to Oct 18 Outlook3DP Odds Table (USDJPY) 2018-11-29AUDUSD Apr 25 to Apr 29 OutlookS&P 500 Jun 27 to Jul 01 OutlookPrecog Vision – Forex 2014-9-173DP Odds Table (USDJPY) 2015-07-13Hot n Cold (USDJPY) 2016-7-8
As Featured In
USDJPY Oct 05 to Oct 09 Outlook
Lawrence’s Comment
As expected no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but it is not confirmed on daily as price snapped back up immediately. Closed the week below Y-0 and above midpoint.
Outlook
Still within the previous consolidation range means we have to wait for the daily level breakout again. Strong reaction below Y-1 and 119 means an attempt at the other end B+1 and above is likely.
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