Recap Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around 1.56. Closed the week at midpoint.
Outlook Inside week and closed near midpoint means indecision. Time to wait for a breakout.
Lawrence's Comment
Recap
Ninja rejected Y+1 decisively giving us Y-0 quickly. Since then previous week close also turned into resistance giving us a go for Y-1. Y-1 tagged later in the week. ...
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GBPUSD Jun 11 to Jun 15 Outlook
Lawrence’s Comment
Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around 1.56. Closed the week at midpoint.
Outlook
Inside week and closed near midpoint means indecision. Time to wait for a breakout.
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