Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Consolidation around previous week close. Y-0 acted as support. Closed the week above Y-0 and midpoint. Outlook Consolidation instead of pullback from blowoff action is bullish. This points to ...READ MORE3DP Odds Table (USDJPY) 2012-10-113DP Odds Table (USDJPY) 2022-11-09Intraday Cycle Projection (USDJPY) 2016-11-08Precog Vision – Forex 2013-9-23DP Odds Table (USDJPY) 2022-08-02Precog Vision – Forex 2021-11-25USDJPY Sep 29 to Oct 03 Outlook3DP Odds Table (USDJPY) 2011-10-11Intraday Cycle Projection (USDJPY) 2021-04-23Intraday Cycle Projection (USDJPY) 2022-02-16
As Featured In
USDJPY Oct 24 to Oct 28 Outlook
Lawrence’s Comment
News shock created the double top and breached Y-0 support. The downside target of the double top tagged by end of the week. Closed the week below Y-1.
Outlook
Lowest price level for dollar yen in years printed this past week. The bottom picking in this pair has created a huge imbalance that a flush of this kind is unavoidable.
Still looking for the bottom forming process to complete first before trading this pair. If we get a w. spring from this new low off the previous long term low, the bottom will be confirmed.
Share