Recap As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook 2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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Lawrence's Comment
Recap
A nice surprise from last week. The counter-trend play happened and carried euro back up to my target mentioned last week quickly. The surprise was that stops were discovered ...
Lawrence's Comment
Recap
Further weaknesses as expected. Consolidated right below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Last week was holiday week, thus the bear flag formation is less reliable. ...
Lawrence's Comment
Recap
A bounce was expected but not a huge rally like what we got last week. Somehow "good news" after "good news" were fed out during the holiday ...
GBPUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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