Lawrence's Comment
Recap
Easy play of the week. Y-0 cleared, back to target swing high. Pull back to midpoint since. Closed the week above Y-0 and midpoint.
Outlook
No strong directional bias ...
Lawrence's Comment
Recap
Bearish expectation played out. Struggled around Y-1 / 1.10 round number before giving in by end of week. Closed the week below Y-1 and midpoint.
Outlook
FOMC week will ...
GBPUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Consolidation around Y-0 all week. Closed the week below Y-0 and midpoint.
Outlook
Structure of inverse head and shoulder intact but the formation has weaken. Breaking below B-2 points to weekly down trend continuation.
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