Recap Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
Lawrence's Comment
Recap
Cable consolidated around previous week close in extreme tight range. Not even 50% previous week range was made. Closed the week near Y-1 and midpoint.
Outlook
Consolidation in tight ...
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Lawrence's Comment
Recap
Tried so hard to hold the 78 zone, including a news shock mid-week to breakout above Y+1. Yet, US NFP report has re-ignited the QE3 rumor and ...
Lawrence's Comment
Recap
Tight range breakout to the upside. Tagged breakout target of Y+3. Closed the week near Y+3 and week high.
Outlook
Consolidation around B+1 likely until NFP Friday.
AUDUSD May 23 to May 27 Outlook
Lawrence’s Comment
Whole week was consolidation within Y-1 to Y-0. Closed the week right below Y-0.
Outlook
As stated previously, further weaknesses is expected. The past week formed a bear flag (or a weak upside channel). A break below B-0 means B-2 is in play.
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