For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
As expected, Canadian dollar consolidated around Y-1 with downside bias. Closed the week around Y-1 and below midpoint.
Outlook
No strong directional bias because loonie is so close to par level ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
USDJPY Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Trapped between Y-0 downto Y-1. Nothing much happened for the pair.
Outlook
Bottoming formation promising but not in place yet.
Must successfully break above B+1 and that turning into support to start a decent rally back up to Y+2.
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