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
Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint.
Outlook
Long term bottom in place so this is part of the long term process of building ...
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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.
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