GBPUSD May 08 to May 12 Outlook

Lawrence's Comment Recap Support discovered below Y-1 and Aussie went into consolidation since. Closed the week near Y-1 and below midpoint. Outlook Y-1 support will produce a short term bottom with upside ...

Lawrence's Comment Recap Congestion between Y-0 and Y+1 as expected. Outlook It is obvious that aussie is having difficulty in getting to Y+1. A turn down from B+1 implies a quick test ...

Lawrence's Comment Recap Initial selloff to the downside was rejected with all out short squeeze. Clear Y-0 support sending the pair to close near the high of the week. Outlook As stated last ...

Lawrence's Comment Recap Unlike euro that has ECB defending the price level in the beginning of the week, cable was falling normally as expected back down to Y-1. Then the ...