Trading Edges That Last
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Lawrence's Comment Recap As expected ninja consolidated to the down side. Dropped down to Y-0. Closed the week near Y-0 and below midpoint. Outlook Very tricky setup with 2 completely opposite outcomes. First, if the ...READ MORELawrence's Comment Recap Y-0 failed to turn into support even though price moved above Y-0 early in the week. Closed the week near Y-1. Outlook Similar to last week, until B-0 is ...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 Aug 08 to Aug 12 Outlook3DP Odds Table (USDJPY) 2013-10-15Precog Vision – Forex 2023-5-2Intraday Cycle Projection (USDJPY) 2014-09-023DP Odds Table (USDJPY) 2014-02-143DP Odds Table (USDJPY) 2019-10-07USDJPY Feb 17 to Feb 21 OutlookAUDUSD Apr 02 to Apr 06 OutlookPrecog Vision – Forex 2017-6-233DP Odds Table (USDJPY) 2012-07-13
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USDJPY Sep 30 to Oct 04 Outlook
Lawrence’s Comment
Y-0 failed to provide support and turned the spring setup into a consolidation. Closed the week at week low and below Y-0.
Outlook
Inside week with Y-0 and B-0 near same price gives us breakout play. The trouble now is that Y-1 was rejected decisively so a breakout to the downside could be a FBO. Until ninja gives us a clear direction to hop onboard, will focus on other pairs.
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