Recap As expected, consolidation price actions all week. Closed the week near midpoint and Y-0.
Outlook Summer Games is not over yet. Inside week points to breakout in play. No point trading this until we get a clean break outside of the Y+1 / Y-1 range.
Lawrence's Comment
Recap
As expected the 3 pushes up led to a selloff below Y-1. Instead of falling further, cable consolidated in range. Closed the week above midpoint.
Outlook
This week due to ...
GBPUSD Aug 06 to Aug 10 Outlook
Lawrence’s Comment
As expected, consolidation price actions all week. Closed the week near midpoint and Y-0.
Outlook
Summer Games is not over yet. Inside week points to breakout in play. No point trading this until we get a clean break outside of the Y+1 / Y-1 range.
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