Trading Edges That Last
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As Featured In
GBPUSD Jul 15 to Jul 19 Outlook
Lawrence’s Comment
Bounced back up to Y-0 as expected. How it was done was interesting as speculations now building up whether the new BOE will behave significantly different from the old BOE. Cable went all the way back up to the original down channel resistance and broken that to the upside. Closed the week above Y-0 and midpoint.
Outlook
Bullish setup for the coming week as the down channel is now officially below the weekly close. As long as cable can hold B-0, a push above B+1 and and Y+1 is likely.
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