Recap Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.
Outlook Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback to Y-2 / B-0 will be in play.
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Lawrence's Comment
Recap
Opened above Y+1. No FBO as Euro stayed above Y+1 all the way til its breakout move to Y+4. Consolidated since. Closed the week above Y+3 and midpoint.
Outlook
Unusual breakout ...
Lawrence's Comment
Recap
As mentioned last week, there is limited upside potential and that is exactly what happened. Dow failed to push higher and thru multiple volatile swings, it traded ...
Lawrence's Comment
Recap
As expected ninja rallied back above Y-0. Stalled after first challenge near 100 round number level. Closed the week above midpoint and below Y-0.
Outlook
Easy long last week does not ...
GBPUSD Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.
Outlook
Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback to Y-2 / B-0 will be in play.
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