Lawrence's Comment
Recap
Another easy play last week. Cable broke out to the upside. Traded above Y+3 as expected. Consolidation around Y+3 since. Closed the week near Y+3 and above midpoint.
Outlook
The breakout ...
Lawrence's Comment
Recap
Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal ...
GBPUSD Jun 23 to Jun 27 Outlook
Lawrence’s Comment
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 to hold above B-0.
If cable is really moving higher, it has little room below to keep it going.
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