Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint. Outlook BOJ indeed doing what they claimed and no one dares ...READ MORELawrence's Comment Recap ES gapped down with Dow to its Y-2 target Monday. ES then it staged a bottom and gap up to fill the gap above upto 1200 which is ...READ MOREEURUSD Feb 22 to Feb 26 OutlookNasdaq 100 Oct 19 to Oct 23 OutlookUSDJPY Feb 23 to Feb 27 OutlookS&P 500 Jun 20 to Jun 24 OutlookIntraday Cycle Projection (USDJPY) 2020-06-25S&P 500 Sep 12 to Sep 16 OutlookHot n Cold (USDJPY) 2019-5-31Nasdaq 100 Aug 20 to Aug 24 Outlook3DP Odds Table (USDJPY) 2015-04-013DP Odds Table (USDJPY) 2022-11-16
As Featured In
USDJPY Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1.
Outlook
Clearly intervention at this 76 level is getting more and more likely. The effect, however, can be weaker than most expected and short lived due to the fact that no one else is going to help Japanese government to pop dollar yen this time.
Not a good pair to trade in general until we get a clear trend breaking out from this zone.
Share