Trading Edges That Last
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Lawrence's Comment Recap Sell formation not materialized. Breach of Y+1 earlier in the week points to breakout target of Y+2 and Y+3. That worked out well and closed the week at ...READ MORELawrence's Comment Recap Quick drop to Y-2 and found support. Bounced back to Y-0 and found resistance. Closed the week below Y-0 and above midpoint. Outlook Consolidation likely to absorb the wild swings in ...READ MOREEURUSD Apr 04 to Apr 08 OutlookS&P 500 Jun 14 to Jun 18 OutlookIntraday Cycle Projection (USDJPY) 2013-07-16Intraday Cycle Projection (USDJPY) 2015-10-30GBPUSD Apr 11 to Apr 15 OutlookWeekly Cycle Projection (USDJPY) 2021-08-30USDJPY Jan 20 to Jan 24 OutlookIntraday Cycle Projection (USDJPY) 2020-09-11EURUSD Jan 09 to Jan 13 OutlookDow 30 Dec 18 to Dec 22 Outlook
As Featured In
USDJPY Oct 31 to Nov 04 Outlook
Lawrence’s Comment
Staying away from this pair has been the correct decision for some time now. And it has been the correct decision for the past week as well. The drop to new low was slow and messy. Range compression was obvious. Closed the week at Y-1.
Outlook
Dollar yen is wedging. Until a clean up swing is established clearing the way to an uptrend, will not touch this pair.
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