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Lawrence's Comment Recap ES failed to clear 1650 and dropped down to the gap below as expected. Multiple 75% swings producing a triangle pattern on 30-min. Closed the week below Y-0 and ...READ MORELawrence's Comment Recap Consolidation week at 50% range. Closed the week beow Y-1 and near week low. Outlook Quick drop to B-2 points to weekly range expansion down to Y-3 potential. Grexit ...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 MOREUSDJPY Dec 21 to Dec 25 OutlookNasdaq 100 Jan 02 to Jan 06 OutlookS&P 500 Jun 17 to Jun 21 Outlook3DP Odds Table (USDJPY) 2012-04-02Nasdaq 100 Apr 24 to Apr 28 OutlookGBPUSD May 16 to May 20 OutlookEURUSD Jan 02 to Jan 06 OutlookHot n Cold (USDJPY) 2019-9-20Precog Vision – Forex 2016-7-263DP Odds Table (USDJPY) 2018-02-19
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USDJPY May 07 to May 11 Outlook
Lawrence’s Comment
Flushed and then bounced. But first reaction pullback failed to tag Y-0 and also failed to hold above Y-1. Closed the week near week low.
Outlook
Flushing process started. The inability to even tagging Y-0 points to short term weaknesses.
Dollar yen at last line of defense here for its long term bullish setup. If it fails to hold above 79 on weekly close, the bottom built last year will likely be revisited again.
A quick rally breaking above B+1 will confirm reversal in place, pointing to retest of Y+1.
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