Recap No run down to Y-2. Double bottom at Y-1 and the breakout at Y+1 gave us Y+3 target by STOPD. Almost tagging Y+3 by end of week. Closed the week near week high.
Outlook Violent breakout to the upside. Partially news shock. Partially a bottom is due on higher timeframes. As long as B-0 acts as support, looking for higher prices.
Lawrence's Comment
Recap
Up drift to 1/2 the breakdown move and then went into consolidation. Closed the week above Y-1 and near midpoint.
Outlook
Brexit will affect all majors. Obvious support / ...
GBPUSD Apr 23 to Apr 27 Outlook
Lawrence’s Comment
No run down to Y-2. Double bottom at Y-1 and the breakout at Y+1 gave us Y+3 target by STOPD. Almost tagging Y+3 by end of week. Closed the week near week high.
Outlook
Violent breakout to the upside. Partially news shock. Partially a bottom is due on higher timeframes. As long as B-0 acts as support, looking for higher prices.
Share