Recap Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week at Y+2.
Outlook Breakout happened suddenly due to news shock from euro zone. Ran up a bit too fast without proper testing of Y+1 before it took off. If the pair failed to go higher than Y+3, a retest of Y+1 is in play.
Lawrence's Comment
Recap
Pullback to support as expected but failed to clear 50% range once ninja tagged the price where the breakdown started the week before. Closed the week below Y-0 and ...
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Lawrence's Comment
Recap
Congestion as expected in the beginning of the week. Then took off to target mentioned last wee, pause, and then finish the move by tagging Y+2. Closed at ...
Lawrence's Comment
Recap
As expected Cable going higher. Stalled at 100% absolute range expansion. Closed the week from a pullback to Y+1.
Outlook
Rejected Y+1 to B+1 area pointing to further consolidation with ...
USDCAD Dec 19 to Dec 23 Outlook
Lawrence’s Comment
Y+1 failed to hold the pair down led to a quick run up to Y+2 before the pair stalled. Pulled back to midpoint and closed the week at Y+2.
Outlook
Breakout happened suddenly due to news shock from euro zone. Ran up a bit too fast without proper testing of Y+1 before it took off. If the pair failed to go higher than Y+3, a retest of Y+1 is in play.
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