Recap Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
Lawrence's Comment
Recap
Consolidation around Y+1 / previous week close area. Bounded within 50% previous week range. Closed the week at Y+1 and above midpoint.
Outlook
Fought very hard to hold the Y+1 level ...
GBPUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook
A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
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