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.
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Lawrence's Comment
Recap
Struggled at Y-1 and eventually break below but failed to tag Y-2. That set the stage to rally back to Y-0. Closed the week near Y-0 and ...
Lawrence's Comment
Recap
As expected it is not that easy to smack down NQ. Consolidated around Y+1 most of the week and then popped higher with a gap. Closed the week above ...
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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