Trading Edges That Last
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Lawrence's Comment Recap Previous week close acted as resistance, gave us a quick drop back down to Y-0. Bounced from Y-0 yet failed again to clear previous week close told us Dow ...READ MOREPrecog Vision – Forex 2015-4-163DP Odds Table (USDJPY) 2022-09-143DP Odds Table (USDJPY) 2020-12-07Intraday Cycle Projection (USDJPY) 2012-11-273DP Odds Table (USDJPY) 2012-06-01Hot n Cold (USDJPY) 2015-5-8Precog Vision – Forex 2022-1-4USDJPY Jun 03 to Jun 07 OutlookDow 30 Mar 17 to Mar 21 OutlookHot n Cold (USDJPY) 2022-10-7
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USDJPY May 09 to May 13 Outlook
Lawrence’s Comment
As expected more weaknesses this week and the spike low almost tagged Y-3. Closed the week at exactly the midpoint.
Outlook
Being able to bounce before Y-3 was tagged means higher timeframes in control. In this case, we have the multiple year low made not too long ago in sight. Should a buy setup formed here and materialized, we probably have a multiple year low established and this pair should move higher.
The big question is that can the multiple year spike low act as support at all. This week will be critical.
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