Trading Edges That Last
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Lawrence's Comment Recap 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. ...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 FBO against Y+1 gave us Y-0 and Y-1 targets early in the week. Directional selling until Y-1 was breached. Found support there and bounced. Closed the week below Y-0 ...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 MOREUSDJPY Oct 24 to Oct 28 OutlookWeekly Cycle Projection (USDJPY) 2023-05-02Precog Vision – Forex 2013-4-11Intraday Cycle Projection (USDJPY) 2022-11-01AUDUSD Nov 24 to Nov 28 OutlookUSDCAD Aug 03 to Aug 07 Outlook3DP Odds Table (USDJPY) 2022-06-10Precog Vision – Forex 2016-8-17Intraday Cycle Projection (USDJPY) 2019-08-233DP Odds Table (USDJPY) 2011-09-19
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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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