Trading Edges That Last
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Lawrence's Comment Recap 17000 round number support sparked a strong rally back up to 17700. Reactions to FOMC decision the day after were opposite to what most people expected. Beautiful drop back ...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 MORELawrence's Comment Recap Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint. Outlook Although the rally was a product of stop ...READ MORE3DP Odds Table (USDJPY) 2020-07-13Precog Vision – Forex 2011-6-93DP Odds Table (USDJPY) 2015-12-24Nasdaq 100 Oct 17 to Oct 21 OutlookPrecog Vision – Forex 2022-2-11Dow 30 Dec 21 to Dec 25 OutlookPrecog Vision – Forex 2011-12-12Intraday Cycle Projection (USDJPY) 2017-05-10GBPUSD Apr 14 to Apr 18 OutlookIntraday Cycle Projection (USDJPY) 2013-12-27
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USDJPY Jan 28 to Feb 01 Outlook
Lawrence’s Comment
Early in the week failed to push higher, got the pullback to exactly my support and then the rally continued. Closed the week above Y+1 and near week high.
Outlook
Last week turned out to be easier to trade than originally thought. I guess the grand posturing of Japan officials and BOJ has now been taken into account by most traders hence the clean moves to exact support.
Notice 88 suport is now created as the new floor level to protect ninja from going lower. This level is the new weekly support zone that has to hold for the rally to continue.
Looking for consolidation around B+1 this week.
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