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
What I said last week,
"However, this is a pullback in terms of the daily uptrend just established last 2 weeks. Until we get more evidence that euro ...
Lawrence's Comment
Recap
FBO in the beginning of the week triggered the bearish scenario. Pullback to Y-0 as mentioned last week. Closed the week near week mid.
Outlook
Overall weekly uptrend intact. ...
Lawrence's Comment
Recap
Multiple news shocks caused both Loonie and Aussie to swing wildly. This week is a good example showing that when the participants are more emotional, you get the ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
No resistance at all from Y+1, as Aussie zoomed thru the price in 1 go. That put Y+3 in play. Ended up tagging Y+4 before it can ...
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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