Recap Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook Summer Games started. Expecting major slow down in trading on European currencies.
As long as ECB and its peers also focus on the games instead of producing news shocks, sideway consolidation week is expected.
Lawrence's Comment
Recap
Perfect breakdown from the beginning of the week gave us a very volatile move down to my target from last week. Not an easy ride down at all. Closed ...
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Lawrence's Comment
Recap
Y+1 resistance sent Cable back down to Y-1 as expected. Closed the week below Y-0 and midpoint.
Outlook
Inside week weak close is bearish. Breakout mode with B-0 cleared ...
Lawrence's Comment
Recap
As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week ...
GBPUSD Jul 30 to Aug 03 Outlook
Lawrence’s Comment
Pulled back to Y-1 as expected and rallied off there back to Y+1. Still the most predictable pair among the majors. Closed the week near week high.
Outlook
Summer Games started. Expecting major slow down in trading on European currencies.
As long as ECB and its peers also focus on the games instead of producing news shocks, sideway consolidation week is expected.
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