Recap Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook 2 weeks in a row with midpoint around same price level and then a close back to the same level last week tells us how important this price level is.
I need this zone (B-1 / Y-0) to act as support before I commit to the long side for a run to B+1 again which has a better odds in happening.
Lawrence's Comment
Recap
Above 1.12 resistance continues to cap the upside for euro. Test of Y+1 dropped euro back down to below 1.12 quickly. Closed the week above Y-0 and midpoint.
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Lawrence's Comment
Recap
Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint.
Outlook
Last week was a variation of consolidation ...
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GBPUSD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook
2 weeks in a row with midpoint around same price level and then a close back to the same level last week tells us how important this price level is.
I need this zone (B-1 / Y-0) to act as support before I commit to the long side for a run to B+1 again which has a better odds in happening.
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