Trading Edges That Last
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Lawrence's Comment Recap NQ gapped higher above Y+1 hence started a light volume short squeeze. 50% range acted as resistance and a quick pullback to week mid before closing higher. Closed the ...READ MOREPrecog Vision – Forex 2012-12-73DP Odds Table (USDJPY) 2017-05-31Intraday Cycle Projection (USDJPY) 2012-04-09Nasdaq 100 Jun 02 to Jun 06 Outlook3DP Odds Table (USDJPY) 2014-06-06Intraday Cycle Projection (USDJPY) 2011-08-19Intraday Cycle Projection (USDJPY) 2022-12-15Intraday Cycle Projection (USDJPY) 2012-06-143DP Odds Table (USDJPY) 2023-05-02AUDUSD Jul 02 to Jul 06 Outlook
As Featured In
USDJPY Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Further compression happened. Price broken down to Y-2 resulted in a strong bounce from Y-2 twice. However, closed the week at midpoint below Y-1.
Outlook
Clearly intervention at this 76 level is getting more and more likely. The effect, however, can be weaker than most expected and short lived due to the fact that no one else is going to help Japanese government to pop dollar yen this time.
Not a good pair to trade in general until we get a clear trend breaking out from this zone.
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