Trading Edges That Last
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Lawrence's Comment Recap Y+1 did not act as resistance at all making the bearish scenario impossible. Continuation points to Y+2. Once it was tagged price no longer stable. Sharp pullback to Y+1 ...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 MOREWeekly Cycle Projection (USDJPY) 2019-10-073DP Odds Table (USDJPY) 2011-06-16Precog Vision – Forex 2017-9-25Precog Vision – Forex 2016-2-9Dow 30 Nov 09 to Nov 13 OutlookAUDUSD Apr 16 to Apr 20 OutlookIntraday Cycle Projection (USDJPY) 2015-06-24Precog Vision – Forex 2015-8-18USDCAD Feb 20 to Feb 24 OutlookPrecog Vision – Forex 2013-5-23
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USDJPY Oct 27 to Oct 31 Outlook
Lawrence’s Comment
Bear flag on 4 hours broken to the down side gave us a nice drop to Y-0. Y-0 support led to a run for week high and then breakout clearing Y+1. Original bear flag turns into measured move. Closed the week above Y+1 and midpoint.
Outlook
Measured move so far is just a bigger bear flag on daily. Until ninja properly form a bottom it is not as bullish as many suggested. A drop back down to B-0 is likely. A break down to B-1 is also likely.
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