Recap Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
Lawrence's Comment
Recap
Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the ...
Lawrence's Comment
Recap
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week ...
GBPUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
Outlook
Consolidation within Y+1 and B+1.
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