Recap Y-0 breached early in the week put Y+1 in play. Y+1 tagged but cable failed to hold above it. Stuggled between Y+1 and Y-0 since. Closed the week above Y-0 and midpoint.
Outlook 3rd week trapped in the same range is very strong compression. Breakout mode in place. First move out of the range has to be strong enough to carry cable outside of the range by 25% or the mode can be a fake out.
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Lawrence's Comment
Recap
Went lower as expected. Violent challenge of Y-1 from below failed and gave as 1.27 by end of the week. Closed the week below Y-2 and near ...
Lawrence's Comment
Recap
As expected consolidation within Y-0 to Y+1. Ended the week by expanding to, what else, 50% aboslute expansion. Someone playing the game from a script.
Outlook
Bounced off Y-0 ...
GBPUSD Aug 03 to Aug 07 Outlook
Lawrence’s Comment
Y-0 breached early in the week put Y+1 in play. Y+1 tagged but cable failed to hold above it. Stuggled between Y+1 and Y-0 since. Closed the week above Y-0 and midpoint.
Outlook
3rd week trapped in the same range is very strong compression. Breakout mode in place. First move out of the range has to be strong enough to carry cable outside of the range by 25% or the mode can be a fake out.
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