Lawrence's Comment
Recap
Expected more downside last week and it looked like it was about to happen with the bear flag setup into Wednesday. Then everything changed by the eco report. Euro ...
Lawrence's Comment
Recap
Y-0 acted as support and closed the week above Y+1.
Outlook
Consolidation after a strong rally is normal. breakout above Y+1 to B+1 will give us B+3 target.
Failure ...
GBPUSD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
Completely stuck within Y-0 to Y+1. Makes sense because cable is not the primary target of the intervention done 2 weeks ago.
Outlook
Breakout mode. Am not expecting a breakout to happen before new yeat though as many traders already left for the holiday.
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