Lawrence's Comment
Recap
News shock sent cable back down to Y-1 and 100% range expansion. Stops were triggered and led to further downside to Y-2 before support is found. Closed the week ...
Lawrence's Comment
Recap
Breakdown play to Y-2 and then Y-3 normal target materialized. 1.40 round number turned into resistance. Closed the week below Y-3 and near week low.
Outlook
For short term ...
GBPUSD is still my favourite pair
Breakout in place, clean move up to 1.63 already. If it hits the projected target zone of 1.65+ by Friday will take the profit and run.
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