Recap Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the week near Y-1.
Outlook Inside week formed. Breakout of the range Y+1 to Y-1 will give us the direction to play for coming few weeks.
Lawrence's Comment
Recap
Consolidation around Y-1 at 50% range as expected. Closed the week above Y+1 and midpoint.
Outlook
Consolidation with strength to close above Y+1 is bullish.
Potential FBO against Y+1 if cable fails ...
Lawrence's Comment
Recap
Last week mentioned in S&P 500 commentary that both Y+1 and Y-1 may be tagged, and in Nasdaq 100 I called that double whiplash. We got exactly ...
GBPUSD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the week near Y-1.
Outlook
Inside week formed. Breakout of the range Y+1 to Y-1 will give us the direction to play for coming few weeks.
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