Recap Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
Lawrence's Comment
Recap
Consolidation yes, but not within Y-0 upto Y+1. Dollar yen traded one level lower from Y-1 upto Y-0. That again was driven by news shocks from, who else, ...
Lawrence's Comment
Recap
FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where ...
AUDUSD Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Last week was holiday week, thus the bear flag formation is less reliable. As long as Y-1 acting as resistance, we should get B-2 printed next week.
Share