Recap USD rally against all majors last week. Dollar yen is the weakest one. Every attempt to go higher last week was met with selling pushing it back down. Closed the week, however, at Y+1.
Outlook If a platform / bottom can form between B-0 down to B-1, the long term down trend will be broken and that this low will turn into an important low on monthly scale.
Lawrence's Comment
Recap
As expected, a bottom was formed early in the week, gave us a run back up to Y-0 and stalled. This can be puzzling for many daytraders but it ...
Lawrence's Comment
Recap
Cannot even get pass 1.28 and then euro zone sending out more bad news. Y-1 failed to act as support and euro ended up flushing down to ...
USDJPY Oct 03 to Oct 07 Outlook
Lawrence’s Comment
USD rally against all majors last week. Dollar yen is the weakest one. Every attempt to go higher last week was met with selling pushing it back down. Closed the week, however, at Y+1.
Outlook
If a platform / bottom can form between B-0 down to B-1, the long term down trend will be broken and that this low will turn into an important low on monthly scale.
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