Recap Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
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Lawrence's Comment
Recap
The support zone mentioned last week worked out very well. B+1 was taken out quickly as expected too. Consolidation scenario played out like a script.
Outlook
As the support zone ...
Lawrence's Comment
Recap
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low ...
USDCAD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Y-0 support sent this higher to test Y+1. Turned lower below Y+1 opening the door to Y-1. Y-1 tagged and bounced. Closed the week above Y-0 and B-0.
Outlook
Clearing B+1 / Y+1 points to B+3 in play.
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