Recap Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
Lawrence's Comment
Recap
Bad data affected this chart. Aussie pushed higher above Y+1 but failed to hold up at the end and dropped all the way back to Y+1. Closed the week ...
Lawrence's Comment
Recap
ES started the week strong pushing higher but failed to stay above Y-0 and collapsed back down to Y-1 and below. That opened the door to Y-2. From there ...
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USDJPY Sep 28 to Oct 02 Outlook
Lawrence’s Comment
Bottom of the boundary on weekly tested and rejected. Door opened to challenge Y+1 since and was tested near end of the week. Closed the week above Y-0 and midpoint.
Outlook
Still trapped within the same range, no directional play until we get clear signs which way this pair wants to go. Hands off until we get a strong move on daily out of this pair.
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