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Lawrence's Comment Recap Breakout to the downside happened right off the start. Easy play for a slide to below Y-2. Cable never quite tagged Y-3 as it bottomed out above it. Closed ...READ MORELawrence's Comment Recap Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low. Outlook Momentum to ...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 MOREGBPUSD Feb 10 to Feb 14 OutlookGBPUSD Apr 13 to Apr 17 OutlookUSDCAD Jul 10 to Jul 14 OutlookIntraday Cycle Projection (USDJPY) 2022-09-15Hot n Cold (USDJPY) 2014-11-14Precog Vision – Forex 2020-5-6Intraday Cycle Projection (USDJPY) 2018-04-11Precog Vision – Forex 2016-12-5Intraday Cycle Projection (USDJPY) 2015-12-23Intraday Cycle Projection (USDJPY) 2018-11-06
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USDJPY Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Instead of holding above Y-1, it failed to act as support right from the beginning of the week. That set the stage for a test of Y-1 mid-week and then dropping down to Y-2. Closed the week at Y-2.
Outlook
The weaknesses is moving in line with other USD pairs where USD is being trashed. Weaknesses will continue unless B+1 is taken out. Congestion between B-1 and B-0 is more likely.
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