Lawrence's Comment
Recap
Consolidation around Y-1 with Y-0 resistance. FOMC announcement sent Euro higher until 100% absolute range expansion. Closed the week near Y-0 and above midpoint.
Outlook
Until B+1 acting as ...
Lawrence's Comment
Recap
Gave us a beautiful reversal right off the start of the week with Y+2 target tagged with no heat. Y+1 support since. Ran straight up to Y+3 target before ...
Lawrence's Comment
Recap
ES gapped above Y-0 and sparked a squeeze back up to Y+1. Y+1 resistance sent ES back down to Y-0 and below. ES attempted to fill the gap below. ...
Lawrence's Comment
Recap
Negative news since the start of the week sent euro back down to near Y-1. Then b.s. rumors hit mid-week sending euro back up. Closed the week ...
GBPUSD Aug 22 to Aug 26 Outlook
Lawrence’s Comment
As expected Cable going higher. Stalled at 100% absolute range expansion. Closed the week from a pullback to Y+1.
Outlook
Rejected Y+1 to B+1 area pointing to further consolidation with Y+1 down to Y-0.
It seems like every major pair is waiting for something to happen before taking on a direction.
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