Trading Edges That Last
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Lawrence's Comment Recap First half of the week formed a perfect head and shoulder that has a target breaking the Y-0 support area. That resulted in a drop running towards the ...READ MORELawrence's Comment Recap As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. ...READ MORELawrence's Comment Recap Y-1 support forced a retest of Y-0. Y-0 failed to hold Aussie down and a jump to near Y+1 happened. Not enough fuel to get a test though. Closed ...READ MORELawrence's Comment Recap ECB decision swinged euro both ways. Y-1 defended and immediately shot up to Y+2. Closed the week near Y+2 and above midpoint. Outlook Shorts are trapped which can in ...READ MORELawrence's Comment Recap Y-1 holds and news shock from Japan forced the continuation rally to resume. Tagged Y+2. Closed the week near the high of the week. Outlook Support zone confirmed. Continue ...READ MOREEURUSD Jul 10 to Jul 14 OutlookEURUSD Jun 13 to Jun 17 Outlook3DP Odds Table (USDJPY) 2019-02-06USDCAD Sep 17 to Sep 21 OutlookAUDUSD Jun 15 to Jun 19 OutlookEURUSD Mar 14 to Mar 18 OutlookIntraday Cycle Projection (USDJPY) 2012-01-18USDJPY Jun 25 to Jun 29 OutlookHot n Cold (USDJPY) 2011-9-23Intraday Cycle Projection (USDJPY) 2018-02-27
As Featured In
USDJPY Week of Nov 29th to Dec 3rd Outlook
Recap of last week
Took a full week to tag the yellow zone. The mid week bounce came from previous quarter low. Closed the week at the high.
Next week outlook
Same price zone as last week, with expectation of stronger swing once yen has decided what to do at that yellow zone. Breaking above, yen can go all the way to previous quarter midpoint.
Sell from yellow zone implies 82 in play.
Another pair that sits right at weekly + monthly critical price zone.
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