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Lawrence's Comment
Recap
Euro held its support and drifted higher since. Another tight range week. Closed the week above Y-0 and midpoint.
Outlook
2nd tight range week in a row gives us breakout mode. ...
ContentReviewEuro Right Shoulder Support CrumbledS&P Seasonal Correction BeginsGold on Track Going HigherBig Picture SummaryReviewEuro failed to hold the 1.12 area support and flushed to my target 1.104 area.S&P topped out ...
GBPUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint.
Outlook
Cable is simply playing catch up with Euro. Y-1 / B-0 strong resistance zone with Y-4 potential target for sharp bounce back to resistance.
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