Trading Edges That Last
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Lawrence's Comment Recap ES followed Dow to tag Y+2 before a more serious pullback materialized. Premium members were informed about the reversal well ahead of time. Closed the week near Y+1 and ...READ MORELawrence's Comment Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint. Outlook Signs of exhaustion in the up trend points to potential ...READ MORE2 studies are presented in this article. Let's get started. It is well known that the range of a trading period (i.e. a month, a week, a day), is ...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 MOREDow 30 May 17 to May 21 OutlookIntraday Cycle Projection (USDJPY) 2013-12-25S&P 500 Apr 25 to Apr 29 OutlookGBPUSD Mar 02 to Mar 06 OutlookEuro Dollar Price Action Biases At Weekly Extremes3DP Odds Table (USDJPY) 2012-10-053DP Odds Table (USDJPY) 2018-07-11Nasdaq 100 Jan 30 to Feb 03 OutlookPrecog Vision – Forex 2018-4-24Hot n Cold (USDJPY) 2012-9-20
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USDJPY Jul 18 to Jul 22 Outlook
Lawrence’s Comment
We got our downside move and we got way more than we asked for. Not just y-2 was tagged, Yen slided all the way to below Y-3 and triggered extended target of Y-5. Once Y-5 was tagged, we got a bounce back to Y-3 as expected. All in all, violent reactions within the context prescribed by STOPD.
Outlook
B-0 is now strong resistance. Only when Yen trade above B-0 before considering any long position. The reason is that such strong moves seldom ends after a single leg. B-2 is in play.
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