Recap As expected, the pullbacks are buying opportunities. Quiet week overall all during this holiday season. Closed the week above midpoint.
Outlook 3rd week with tighten range although higher high and higher low all the way. If this is holiday seasonal effect, then by early next year, we should see volatility to pick up and that stronger up swings are needed to keep the rally going.
For this last week of the year, expect consolidation between B-1 to B+1.
Lawrence's Comment
Recap
Unlike euro that has ECB defending the price level in the beginning of the week, cable was falling normally as expected back down to Y-1. Then the ...
Lawrence's Comment
Recap
Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...
USDJPY Dec 26 to Dec 30 Outlook
Lawrence’s Comment
As expected, the pullbacks are buying opportunities. Quiet week overall all during this holiday season. Closed the week above midpoint.
Outlook
3rd week with tighten range although higher high and higher low all the way. If this is holiday seasonal effect, then by early next year, we should see volatility to pick up and that stronger up swings are needed to keep the rally going.
For this last week of the year, expect consolidation between B-1 to B+1.
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