Trading Edges That Last
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Lawrence's Comment Recap Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1. Outlook The strength of ...READ MOREIntraday Cycle Projection (USDJPY) 2013-01-24Intraday Cycle Projection (USDJPY) 2013-03-29Intraday Cycle Projection (USDJPY) 2019-01-08Intraday Cycle Projection (USDJPY) 2014-12-19Precog Vision – Forex 2022-9-13Precog Vision – Forex 2022-5-9Intraday Cycle Projection (USDJPY) 2019-06-203DP Odds Table (USDJPY) 2019-05-09Weekly Cycle Projection (USDJPY) 2013-06-03GBPUSD Mar 07 to Mar 11 Outlook
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USDJPY Oct 29 to Nov 02 Outlook
Lawrence’s Comment
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked in and dropped this back down to Y+1. Closed near Y+1 and below midpoint.
Outlook
The first leg up is now over.Consolidation for a week or 2 is needed to absorb the fast up move. As long as it stays above Y-0 / B-1 area, looking for more upside over coming weeks.
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