Lawrence's Comment
Recap
Quick slide down to Y-2 and took off back to above Y+0, just like what I described last week. Pullback / consolidation since. Closed the week below ...
Lawrence's Comment
Recap
Failed to go higher as expected, broken below Y-0. Target of Y-1 reached by end of the week. Closed the week near Y-1.
Outlook
As long as B-0 acting as ...
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GBPUSD Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low.
Outlook
Weaknesses continue as expected but not as weak as I hope for. Should see Y-3 early this week to tag the downside objective.
The more interesting question is whether cable will find support around B-2 and stage a strong bounce from there.
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