Trading Edges That Last
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Lawrence's Comment Recap Open the week with clean break above Y+1 opened the door to Y+2 and Y+3 since. Multiple attempts to go lower has failed leading to end of week rally ...READ MOREPrecog Vision – Forex 2014-5-73DP Odds Table (USDJPY) 2019-02-19Intraday Cycle Projection (USDJPY) 2011-12-02Hot n Cold (USDJPY) 2011-6-28Precog Vision – Forex 2021-8-183DP Odds Table (USDJPY) 2021-02-23Hot n Cold (USDJPY) 2012-8-2AUDUSD Sep 05 to Sep 09 Outlook3DP Odds Table (USDJPY) 2013-06-03S&P 500 Mar 03 to Mar 07 Outlook
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.
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