Lawrence's Comment
Recap
Tricky start. Monday breached Y-1 and looked as if it cannot hold above Y-1. Then a gap and go run to search and destroy all the shorts ...
Lawrence's Comment
Recap
Gap down to near Y-2 invalidated the original conjecture of potential upside breakout. Yet NQ zoomed back up and cleared Y+1 quickly. Since then NQ consolidated around Y+1 with ...
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GBPUSD Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Weak open led to a flush lower but failing to tag Y-2. This gave us a squeeze back up to week high. Close the week near Y-1 and above midpoint.
Outlook
B-0 down to B-1 now strong support for a move back up to B+2 and potentially B+3.
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