Recap Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint.
Outlook B-0 / 1.42 strong resistance for a retest of B-1. Breaking below with a quick snapback above B-1 points to short term bottom in place.
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Lawrence's Comment
Recap
Dow pullback from Y+1 down to Y-0 was expected and unfolded early in the week. When it fails to hold Y-0, the drop turned into all out sell off ...
Lawrence's Comment
Recap
Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below ...
GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint.
Outlook
B-0 / 1.42 strong resistance for a retest of B-1. Breaking below with a quick snapback above B-1 points to short term bottom in place.
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