Trading Edges That Last
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Lawrence's Comment Recap Consolidated around B+1 as expected. The breakout to the upside points to 100% range expansion. Closed the week at the high and not enough time to get ...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 No violent breakout, just a weak outside week reversal. Closed the week below Y-1. Outlook A reversal happened but not as strong as I hope for. Definitely need Y-0 ...READ MOREUSDJPY Feb 27 to Mar 02 OutlookDow 30 Feb 21 to Feb 25 OutlookIntraday Cycle Projection (USDJPY) 2016-06-24Precog Vision – Forex 2018-1-1Intraday Cycle Projection (USDJPY) 2012-02-283DP Odds Table (USDJPY) 2022-04-043DP Odds Table (USDJPY) 2019-10-07USDCAD Aug 27 to Aug 31 Outlook3DP Odds Table (USDJPY) 2019-08-083DP Odds Table (USDJPY) 2018-03-21
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USDJPY Sep 16 to Sep 20 Outlook
Lawrence’s Comment
As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below midpoint and near Y-0.
Outlook
The bullish setup from the week before last was wasted on this consolidation. Cannot complain as war was looming and that directly affect USD strength across multiple majors.
Longer term on swing basis still bullish but a drop to B-2 is possible once B-1 is breached. Need ninja to pop back above B-0 to get a confirmed continuation to the upside.
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