Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Pulled back to slightly below Y-0 and bounced off. Retest of Y+1 did not quite make it there. Closed the week above midpoint and Y-0. Outlook Inside week with ...READ MORELawrence's Comment Recap Test of the support zone mentioned last week as expected. Support held up well and gave us a push to Y+2. Closed the week near Y+2 and week high. ...READ MORELawrence's Comment Recap Consolidation around previous week close as expected. 50% range. Closed the week above Y-0 and near midpoint. Outlook The consolidation exposed the weaknesses in Aussie as the reaction to Y+1 was ...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 MOREWeekly Cycle Projection (USDJPY) 2014-08-04Intraday Cycle Projection (USDJPY) 2021-07-20Intraday Cycle Projection (USDJPY) 2021-04-213DP Odds Table (USDJPY) 2016-09-27USDJPY Dec 03 to Dec 07 Outlook3DP Odds Table (USDJPY) 2017-11-24EURUSD Aug 24 to Aug 28 OutlookAUDUSD May 19 to May 23 OutlookHot n Cold (USDJPY) 2012-3-20Precog Vision – Forex 2017-5-8
As Featured In
USDJPY Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Attempt to break above Y+1 failed and led to a test of Y-1. Support found above Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week points to breakout play is in order. Original trend was down before entering the tight range weeks so downside has an advantage. FBO against Y-1 / B-1 can lead to a spike reversal back up to Y+3 quickly.
Share