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Lawrence's Comment Recap Moved higher as expected. Target of above Y+2 reached and a rounding top was formed. End of week selloff brought ninja back down. Closed the week above Y+1 and ...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 MORELawrence's Comment Recap ES tried to zoom higher but failed to hold above Y-0 as support. ES dropped to Y-1 eventually and bounced. V-reversal carried ES straight up to make new high ...READ MORELawrence's Comment Recap As explained last week, do not confuse volatility as strength. Y-0 breached quickly led to Y-1 test in play. Y-0 turned into resistance since. Y-1 could not even stop ...READ MOREUSDJPY Apr 07 to Apr 11 OutlookUSDCAD Dec 26 to Dec 30 Outlook3DP Odds Table (USDJPY) 2023-05-02EURUSD Oct 01 to Oct 05 OutlookIntraday Cycle Projection (USDJPY) 2018-07-06Hot n Cold (USDJPY) 2016-2-19Precog Vision – Forex 2016-1-113DP Odds Table (USDJPY) 2011-04-28S&P 500 Sep 05 to Sep 09 OutlookEURUSD Jul 20 to Jul 24 Outlook
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USDJPY Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked in and dropped this back down to Y+1. Closed near Y+1 and below midpoint.
Outlook
The first leg up is now over.Consolidation for a week or 2 is needed to absorb the fast up move. As long as it stays above Y-0 / B-1 area, looking for more upside over coming weeks.
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