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.
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Lawrence's Comment
Recap
Consolidation around Y+1 as expected. No strong reactions after NFP leading to a quiet close. Closed the week near Y+1 and midpoint.
Outlook
Consolidation / ledge actions after significant ...
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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