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Lawrence's Comment Recap Aussie consolidated in tight range. First drift up was met with sellers right above Y-0. stuck in tight range since. Closed the week below Y-0 and near midpoint. Outlook Inside week. ...READ MORELawrence's Comment Recap Sideway actions as expected. 50% range all week. Closed the week below Y-0 and midpoint. Outlook Compression gives us breakout mode. Potential slingshot move with Y-1 being retested first ...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 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 MOREIntraday Cycle Projection (USDJPY) 2018-01-22AUDUSD Feb 03 to Feb 07 OutlookIntraday Cycle Projection (USDJPY) 2011-06-09Intraday Cycle Projection (USDJPY) 2014-05-28USDCAD Feb 15 to Feb 19 OutlookPrecog Vision – Forex 2014-2-43DP Odds Table (USDJPY) 2018-09-10Precog Vision – Forex 2016-9-26USDCAD Feb 15 to Feb 19 OutlookIntraday Cycle Projection (USDJPY) 2011-06-23
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USDJPY Oct 20 to Oct 24 Outlook
Lawrence’s Comment
As expected, ninja started weak and failed to clear even Y-1. That opened the door to Y-3. Flushed down to Y-3 and bounced. Closed the week below Y-1 and above midpoint.
Outlook
The flush was partially a lucky drop (not that I am not happy) thanks to the problematic BOJ officials. At this point though, the bounce was a bear flag on 4 hours. It is quite bearish with Y-1 / B+1 strong resistance. First reaction there should lead to at least B-0 retest. A break of the bear flag support points to a drop to B-2.
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