Recap Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the door to Y-1. Closed the week at the low, almost tagging Y-1. Still the easiest pair to trade.
Outlook As long as B-1 to B-0 acts as resistance, range expansion to the downside is expected. Target B-2 area.
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Lawrence's Comment
Recap
Nothing happened to Euro, so cable stayed there in consolidation. Y+1 resistance sent cable back down to Y-0 and then it took off to new high. Equal distance from ...
GBPUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Tagged Y+2 as expected. Better yet, made a 1-2-3 sell off that zone implying Y+1 and Y-0 was in play and both were tagged quickly thus opening the door to Y-1. Closed the week at the low, almost tagging Y-1. Still the easiest pair to trade.
Outlook
As long as B-1 to B-0 acts as resistance, range expansion to the downside is expected. Target B-2 area.
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