Trading Edges That Last
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Lawrence's Comment Recap As expected, more downside. Y-0 resistance sent this down to almost Y-3. Resistance trend line break gave us a bear flag / up channel back up above Y-1. Closed ...READ MORE3DP Odds Table (USDJPY) 2014-06-02Weekly Cycle Projection (USDJPY) 2015-12-213DP Odds Table (USDJPY) 2017-12-05Precog Vision – Forex 2011-3-31Hot n Cold (USDJPY) 2019-3-29Precog Vision – Forex 2018-4-17GBPUSD Apr 17 to Apr 21 Outlook3DP Odds Table (USDJPY) 2012-09-20GBPUSD Apr 19 to Apr 23 OutlookUSDCAD Apr 14 to Apr 18 Outlook
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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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