Recap Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook Seasonal weaknesses will continue til the end of the year.
Lawrence's Comment
Recap
As expected intervention triggered. But at least half of that disappeated by Friday close.
Outlook
This week due to the S&P downgrade, potential Fed and G8 inventions will throw all ...
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Lawrence's Comment
Recap
Strong support at Y-1 sent this back up to Y-0. 2nd attempt to push this down to Y-1 met with stronger buying still. Y-0 cleared and Y+1 tagged. Closed ...
Lawrence's Comment
Recap
Easy play of the week. The pair simply rejected resistance and dropped to target. Closed the week below Y-1 and midpoint.
Outlook
Pullback in progress. Strong support between B-1 ...
GBPUSD Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook
Seasonal weaknesses will continue til the end of the year.
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