Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Behaved in very similar fashion like yen, except that Aussie closed above Y-2 and below Y-1. Outlook From weekly range tightening up to 3 weeks ago, and then downside expansion ...READ MOREIf you have not read the article on Euro Dollar Price Action Biases At Weekly Extremes please do so as I will not go over the basics here again. ...READ MORELawrence's Comment Recap Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 ...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 MORE3DP Odds Table (USDJPY) 2016-05-30Precog Vision – Forex 2017-4-263DP Odds Table (USDJPY) 2012-07-13AUDUSD Mar 21 to Mar 25 Outlook3DP Odds Table (USDJPY) 2020-05-21AUDUSD Feb 25 to Mar 01 OutlookBritish Pound Price Action Biases At Weekly ExtremesGBPUSD Mar 18 to Mar 22 OutlookPrecog Vision – Forex 2012-12-203DP Odds Table (USDJPY) 2018-08-03
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USDJPY Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Sideway actions expected yet news shock forced ninja to breakout to the downside. Cleared Y-1 decisively and turned into resistance. 200% absolute range expansion. Closed the week near Y-3 and week low.
Outlook
Key support on weekly is 120. If ninja can bounce off that quickly early next week a fight to go back up to Y-1 will be in play. Consolidation action is expected as we are getting close to the holiday week.
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