GBPUSD Feb 12 to Feb 16 Outlook

Lawrence's Comment Recap False breakout the week before lsat week is now proven not strong enough to take euro down. Although we got a sell setup early in the week ...

Lawrence's Comment Recap As mentioned last week, loonie depends on gold to hold it up. The moment gold breached its support, loonie collapsed spiking the pair up to Y+2. Closed the week ...

Lawrence's Comment Recap Y-0 acted as support as expected and Y+2 upside target tagged early in the week. Then Y+1 acting as support gave us a go for Y+3. Closed the week ...

Lawrence's Comment Recap NQ did a whiplash play. First NQ held Y-0 support and pushed higher above Y+1. That is pretty much the expected move. Then NQ failed to hold above Y+1 ...

Lawrence's Comment Recap Tight range consolidation all week even though US dollar has strengthen across the board last week. Good example of low participation translate into meaningless price movements on higher timeframes. ...

Lawrence's Comment Recap Consolidation around Y-0. Tight range week. Closed the week above Y-0 and midpoint. Outlook Inside week strong close. Breakout mode with upside advantage. Target B+3 and above.