Trading Edges That Last
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Lawrence's Comment Recap Failure to bounce in the beginning of the week got us the 3X target mentioned last week. After target B-2 tagged, ES turned range bound and on ...READ MORELawrence's Comment Recap The best pair to trade last week. Breakout play from Y+1 to Y+2. A thin up channel in place giving us a potential top in the making. Lower high ...READ MORELawrence's Comment Recap As explained last week, short term low should be in place and it worked out nicely. Y-0 support sent this up to Y+1 and pushed up again but failed ...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 MOREIntraday Cycle Projection (USDJPY) 2019-07-09S&P 500 May 14 to May 18 Outlook3DP Odds Table (USDJPY) 2014-11-123DP Odds Table (USDJPY) 2015-10-19Intraday Cycle Projection (USDJPY) 2020-12-11Weekly Cycle Projection (USDJPY) 2014-03-24S&P 500 Oct 04 to Oct 08 OutlookGBPUSD Oct 07 to Oct 11 OutlookUSDCAD Jun 29 to Jul 03 OutlookPrecog Vision – Forex 2013-8-8
As Featured In
USDJPY May 27 to May 31 Outlook
Lawrence’s Comment
Held Y-0 and pushed higher for upside breakout and failed. That lead to a clear break of Y-1 and turning Y-0 into resistance. Closed the week at Y-1 and below midpoint.
Outlook
Both upside target and downside target were not reached. Outside week reversal in place so more downside is expected. Obvious target for now is B-2 as that is also where the melt up move started. That causes a problem as the Japanese government and BOJ want dollar yen to go higher. Not sure if they will intervene heavily to defend the 100 area.
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