Trading Edges That Last
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Lawrence's Comment Recap Compressed further early in the week leading to clean Breakout to the down side. 100% absolute range expansion stopped the drop. Closed the week below Y-1 and midpoint. ...READ MORELawrence's Comment Recap Dow consolidated around Y-0 until FOMC announcement. After announcement Dow rushed to 100% absolute range expansion target and stalled from there. Closed the week above Y-0 and near midpoint. ...READ MORE3DP Odds Table (USDJPY) 2018-01-01S&P 500 Jun 21 to Jun 25 OutlookPrecog Vision – Forex 2015-12-22USDJPY Mar 21 to Mar 25 OutlookIntraday Cycle Projection (USDJPY) 2012-10-173DP Odds Table (USDJPY) 2016-04-06Intraday Cycle Projection (USDJPY) 2022-07-20Intraday Cycle Projection (USDJPY) 2018-08-313DP Odds Table (USDJPY) 2013-05-09Dow 30 Sep 26 to Sep 30 Outlook
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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.
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