Recap Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook 4 hour bear flag / up channel in the making. Channel resistance above points to potential pullback to B-0 / Y-0 zone. Clearing the channel resistance points to daily up trend for a run to B+2 and B+3.
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Lawrence's Comment
Recap
Pullback to Y-0 and then breaking down to below Y-1. Suport found underneath Y-1 and forced a bounce back up to Y-0. Closed the week below Y-0 and near ...
GBPUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook
4 hour bear flag / up channel in the making. Channel resistance above points to potential pullback to B-0 / Y-0 zone. Clearing the channel resistance points to daily up trend for a run to B+2 and B+3.
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