Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as support since the start of the week and a spike down from Y+1 failed to clear that resulting in a very powerful short squeeze. Y+3 ...READ MOREPrecog Vision – Forex 2021-9-3Intraday Cycle Projection (USDJPY) 2017-12-15Intraday Cycle Projection (USDJPY) 2017-04-06Precog Vision – Forex 2014-1-17Precog Vision – Forex 2017-12-29Precog Vision – Forex 2021-3-193DP Odds Table (USDJPY) 2020-06-08GBPUSD Dec 04 to Dec 08 OutlookEURUSD Nov 26 to Nov 30 OutlookGBPUSD Aug 12 to Aug 16 Outlook
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USDJPY Oct 08 to Oct 12 Outlook
Lawrence’s Comment
As expected Y-0 area becomes the platform for a run towards Y+2. Paused there for a quick test of Y+1 and then another pop higher. Closed the week near Y+2.
Outlook
As noted last week a short term bottom should be in place for ninja. The problem going forward however is that the chart is getting uglier every week. What I mean is that the moves are more sudden and then grind in tight ranged moves.
Hopefully normal volatility will come back to this pair soon once the political issues there quiet down.
Coming week, a break of B-0 points to retest of B-1.
As long as B-0 acts as support, looking for higher prices.
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