Recap Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
Lawrence's Comment
Recap
More upside as projected. Sideway actions around Y+1 is normal after wide range reversal week. Closed the week above Y+1 and midpoint.
Outlook
As long as Y+1 / B-0 ...
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Lawrence's Comment
Recap
I was talking about sudden wild swings last week and we got that everyday last week. Every day during european session euro drifted lower yet by US ...
GBPUSD May 28 to Jun 01 Outlook
Lawrence’s Comment
Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook
No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
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