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Lawrence's Comment
Recap
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. ...
GBPUSD Jun 29 to Jul 03 Outlook
Lawrence’s Comment
Pullback consolidation play worked out. Y-0 target tagged. 50% range. Closed the week near Y-0 and below midpoint.
Outlook
A retest of Y+1 is possible but only if cable can clear B-0 decisively. Potential spike and ledge in the making with target below Y-1.
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