Recap Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
Lawrence's Comment
Recap
2nd inside week with magic support right above Y-1. Closed the week near Y-1 and B-1.
Outlook
No one dare to challenge BOJ hence the choppy actions and lack ...
Lawrence's Comment
Recap
Quick steep pullback in the beginning of the week. Then pre-Brexit weekly close acted as support and led to test of Y+1. 2nd attempt at Y+1 cleared the resistance ...
Lawrence's Comment
Recap
The wildest swings within a week in US stock market history. Closed the week above Y-1.
Outlook
The waterfall selloff is now completed and that the first leg of this ...
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GBPUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook
A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
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