Lawrence's Comment
Recap
No pullback. Just a pause below Y+1 and then popped higher. Closed the week above Y+1 and near week high.
Outlook
As mentioned last week, as long as there is no ...
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GBPUSD May 09 to May 13 Outlook
Lawrence’s Comment
Y+1 acted as resistance, and the less likely scenario worked out perfectly. Free ride from above Y-0 down to Y-1. Closed the week below Y-1.
Outlook
Tagging Y-2 early in the week will point to further weaknesses as long as Y-1 to B-0 acts as resistance.
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