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
Test of Y+1 led to breakout to the upside. Breakout target Y+3 was tagged by the end of the week. Closed the week above Y+2 and near week high.
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Lawrence's Comment
Recap
Beautiful all week bear flag from the week before led to a gap down open near Y-1. Test of support below Y-1 produced a strong double bottom on 4 ...
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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