Recap Y-1 support helped cable to bounce back up to Y-0. Failed to clear Y-0 Cable droppped back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook Consolidation / inside week points to continuation likely. As long as cable fails to clear Y-0 / B-0 zone from below potential parabolic drop in the making with target below B-3.
Lawrence's Comment
Recap
Gap below previous week low and started a mini crash to not just our closest 12800 (Y-2) target. It also tagged Y-3 quickly. That kind of moves ...
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Lawrence's Comment
Recap
Forced test of Y+1 and above worked out as expected. Y-0 support for Y+2 target also worked out. Closed the week above Y+1 and midpoint.
Outlook
As long as ...
GBPUSD Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Y-1 support helped cable to bounce back up to Y-0. Failed to clear Y-0 Cable droppped back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Consolidation / inside week points to continuation likely. As long as cable fails to clear Y-0 / B-0 zone from below potential parabolic drop in the making with target below B-3.
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