Recap Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint.
Outlook Strong resistance zone above B+1 upto B+2 where the higher timeframe resistance all lined up. Failing to hold above B-0 will lead to a drop back down to Y-0 and below.
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GBPUSD Mar 14 to Mar 18 Outlook
Lawrence’s Comment
Cable went sideway until ECB announcement. Successfully filled the open gap above as expected. Closed the week above Y+1 and midpoint.
Outlook
Strong resistance zone above B+1 upto B+2 where the higher timeframe resistance all lined up. Failing to hold above B-0 will lead to a drop back down to Y-0 and below.
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