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
No quick snap back up early in the week. Just drift down. End of week sudden pop back up to Y-1. Closed the week at midpoint and ...
Lawrence's Comment
Recap
More upside as expected. Y+2 / 1.32 breached and we got jawboning as expected as well. So predictable. Closed the week above Y+1 and near midpoint.
Outlook
Canadian dollar ...
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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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