Recap Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint.
Outlook Seasonal up drift for Cable kicks in. Can push cable back up to B+2 where the original break down move started (i.e. the crime scene).
Lawrence's Comment
Recap
NQ was the strong one and its bullish bias to tag Y+1 was fulfilled in the beginning of the week. From there we got an unusual consolidation around the ...
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GBPUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint.
Outlook
Seasonal up drift for Cable kicks in. Can push cable back up to B+2 where the original break down move started (i.e. the crime scene).
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