Trading Edges That Last
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Lawrence's Comment Recap Breaking out of the range to the downside. Retest of Y-1 from below failed to push back into the range. Sold off to Y-2. Closed the week ...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 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 Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high. Outlook No sign ...READ MORELawrence's Comment Recap The selloff scenario played out where the target of Y-3 was tagged. The strength of the rally in the 2nd half of the week is a bit surprising ...READ MOREGBPUSD Jan 16 to Jan 20 OutlookPrecog Vision – Forex 2021-3-31Precog Vision – Forex 2022-7-1Hot n Cold (USDJPY) 2019-10-43DP Odds Table (USDJPY) 2019-04-17Nasdaq 100 Jul 25 to Jul 29 OutlookS&P 500 Nov 13 to Nov 17 Outlook3DP Odds Table (USDJPY) 2019-02-28Dow 30 Apr 18 to Apr 22 OutlookGBPUSD Jan 03 to Jan 07 Outlook
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USDJPY Jul 08 to Jul 12 Outlook
Lawrence’s Comment
As expected ninja drifted higher towards to 102 boundary. Y+1 acted as support in midpoint selloff. Closed the week at week high and above Y+2.
Outlook
The up move is not completed yet. The upside target at 102 is insight which is sitting at Y+3. The big question now is whether this rally is under control by BOJ or not. If they could not stop ninja from accelerating upward, an out of control breakout will put 106-108 in play.
Temporary pause around this 100-102 area is expected given the fact that BOJ will likely do something to force ninja from going up “too fast”.
Personally I do not see how BOJ can really contain a beast they help created where they have no idea what it is at all. Their stock market crash is the sign that foreign capitals are leaving. What they have left now is an empty house of cards.
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