Recap As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook 2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
Lawrence's Comment
Recap
The drop early in the week was stronger than expected. It cleared Y-1 and has been pressured below Y-1 since. That gave us Y-3 breakout play. Closed the week ...
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Lawrence's Comment
Recap
Resistance at Y+1 sent Euro back down to Y-1 with a pause at Y-0. Year end sideway actions. Closed the week near Y-1 and week low.
Outlook
Y-0 and ...
Lawrence's Comment
Recap
More consolidation actions as expected. Y-0 support and by the end of the week previous week close support sent Aussie gunning for Y+2. Closed the week above Y+1 and ...
Lawrence's Comment
Recap
Just like the other majors, we have consolidation until Friday. Fade out new low for the week provided the fuel needed to clear Y+1. Closed the week above Y+1 ...
GBPUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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