Lawrence's Comment
Recap
Strongest among the big 3 indices. FBO Monday, this time NQ can no longer gap up to force a breakout to the upside. Hence normal selloff back down to ...
Lawrence's Comment
Recap
Upside push continue until retest of the crime scene (above Y+2) where the breakdown happened back in April. Closed the week above Y+1 and midpoint.
Outlook
Weekly up trend ...
Lawrence's Comment
Recap
Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 ...
Lawrence's Comment
Recap
Y-0 acted as support, gave us a go for more upside. Tried hard to push through Y+1 but ended up with 3 pushes pattern in place and snapped it ...
GBPUSD Nov 14 to Nov 18 Outlook
Lawrence’s Comment
Pushed towards Y+1 as expected. Then news shock sending cable back down to Y-1. Yet Y-1 acted as support and forced cable to approach Y+1 again.
Outlook
A test of B+1 to Y+1 is in play. A breakout for this zone points to higher price level at B+2 as a minimum.
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