Recap Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and week high.
Outlook The breakout play was a bit of a surprise to many thus the squeeze like nature of the move. Consolidation at reduced range is expected.
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Lawrence's Comment
Recap
Pullback to Y-0 as expected. But taking the whole week was really slow. Y-0 acted as resistance. Closed the week at midpoint.
Outlook
Tight range week that looks like ...
Lawrence's Comment
Recap
Bearish pattern played out with Y-1 tagged. Violent reactions to Y-1 zone led to complete reversal making new high for the week. Closed the week near Y-0 and above ...
Lawrence's Comment
Recap
More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near ...
GBPUSD Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and week high.
Outlook
The breakout play was a bit of a surprise to many thus the squeeze like nature of the move. Consolidation at reduced range is expected.
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