Recap Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
Lawrence's Comment
Recap
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low ...
Lawrence's Comment
Recap
Pullback to Y-0 and collapsed. Y-1 defended on first touch but failed to hold upon 2nd time. Closed the week below Y-0 and near midpoint.
Outlook
Retest of Y-0 ...
USDCAD Mar 17 to Mar 21 Outlook
Lawrence’s Comment
Consolidated around previous week close in reduced range. Situation in Ukraine put a leash on the majors. Closed the week below Y+1 and near midpoint.
Outlook
Volatility should pick up later tonight depending on reactions to the Crimea vote.
Chart patterns suggest upside breakout likely as long as B-1 / Y-0 acting as support.
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