Recap The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We almost got that by end of the week. Closed the week near the high and above Y-0.
Outlook The downtrend on 4 hours is broken. That turns Y-1 to B-0 into a strong support zone.
More upside is expected as long as cable trades at or above the support zone.
Lawrence's Comment
Recap
ES is not as bullish as Dow but not as weak as NQ either. As mentioned last week, once ES getting close to one side of the ...
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GBPUSD Mar 19 to Mar 23 Outlook
Lawrence’s Comment
The less likely scenario happened after a quick break below Y-1, cable bounced back above that quickly. That set the stage to rally back to Y+1. We almost got that by end of the week. Closed the week near the high and above Y-0.
Outlook
The downtrend on 4 hours is broken. That turns Y-1 to B-0 into a strong support zone.
More upside is expected as long as cable trades at or above the support zone.
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