Trading Edges That Last
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Recap of Last Week Yellow zone acted as support and the pair went higher as expected. It did not quite reach the target area (green zone) because it stalled ...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 Strong gap down at the start of the week gave fuel to an all out rally back up first. Since then ES ran out of fuel and sold off ...READ MOREIntraday Cycle Projection (USDJPY) 2021-05-12Weekly Cycle Projection (USDJPY) 2012-05-14Weekly Cycle Projection (USDJPY) 2013-11-25Dow 30 Nov 12 to Nov 16 OutlookGBPUSD Jan 24th to 28th OutlookPrecog Vision – Forex 2022-10-14Precog Vision – Forex 2017-4-11S&P 500 May 12 to May 16 OutlookIntraday Cycle Projection (USDJPY) 2015-11-13Intraday Cycle Projection (USDJPY) 2019-07-04
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USDJPY Aug 01 to Aug 05 Outlook
Lawrence’s Comment
As the US debt talk crisis continue, USD trashed across all majors. Closed the week at the G8 intervention price level now.
Outlook
Weak but also potential long term bottom in the making. All depends on the reaction to this support level.
Personally will sit out on longer term trades this week (i.e. beyond daytrading) because more news shock from US government is guarantee to spin everything out of control.
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