Trading Edges That Last
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Recap of last week Hit sell target zone (red zone) then started a choppy run towards the resistance area (yellow zone). Boring but easy trading - always a good ...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 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 Week of Dec 13th to Dec 17thWeekly Cycle Projection (USDJPY) 2020-10-19Intraday Cycle Projection (USDJPY) 2022-01-04Precog Vision – Forex 2021-12-23Intraday Cycle Projection (USDJPY) 2020-09-09Intraday Cycle Projection (USDJPY) 2022-06-08Nasdaq 100 Jun 17 to Jun 21 Outlook3DP Odds Table (USDJPY) 2017-09-29Precog Vision – Forex 2015-10-5Precog Vision – Forex 2017-9-29
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USDJPY Nov 07 to Nov 11 Outlook
Lawrence’s Comment
The intervention I’ve been talking about happened. It illustrates why we cannot trade the short side of this pair when it was drifting downward as we cannot tell exactly when BOJ will strike.
Outlook
This artificial pop of dollar yen may have legs comparing the the previous interventions. Prior actions by BOJ is not accompanied by QE initiatives. This one does.
If we can get a higher low formed from 76.5 and above over the coming 2 weeks, we get the long term bottom I’ve been looking for.
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