Trading Edges That Last
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Lawrence's Comment Recap Violent reaction to Greece situation kickstarted the week. Strong gap breakout to the upside points to Y+3 in play. We got Y+3 and Dow was stuck since. Closed the ...READ MORELawrence's Comment Recap A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...READ MORELawrence's Comment Recap No strength to push above Y+1, lower prints happened. Pretty much as expected. The more interesting part is that gold has broken its daily down trend by the end ...READ MOREAUDUSD Jan 25 to Jan 29 OutlookPrecog Vision – Forex 2021-11-8EURUSD Sep 25 to Sep 29 OutlookDow 30 Jul 20 to Jul 24 OutlookUSDCAD Oct 07 to Oct 11 OutlookAUDUSD Dec 09 to Dec 13 OutlookUSDJPY Jul 20 to Jul 24 Outlook3DP Odds Table (USDJPY) 2015-09-253DP Odds Table (USDJPY) 2014-12-233DP Odds Table (USDJPY) 2017-01-06
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USDJPY Feb 16 to Feb 20 Outlook
Lawrence’s Comment
As expected ninja zoomed higher and got the main upside target Y+2. Ninja stalled back down quickly right after. Closed the week below Y+1 and near week low.
Outlook
120 and above strong resistance. First retest with strong reaction there is expected. The main thing is whether BOJ can lock ninja within the golden range that they said ninja should be trading within, 118 to 120. Chart pattern suggests that ninja has resistance above Y+1 and more likely to move lower to challenge B-2 where the the sudden urge started.
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