Recap The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0.
Outlook As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means the continuation move to the downside will be strong enough to take out B-2 easily.
Lawrence's Comment
Recap
Y-1 held up once in the beginning of the week but failed on second try and flushed down to Y-3. Spike reversal from there gave us upside target of ...
Lawrence's Comment
Recap
As expected dollar yen slided down to Y-2 area. No big drop. Just slided. Closed the week below midpoint.
Outlook
We need to see the pair form a higher low ...
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Lawrence's Comment
Recap
Down channel resistance early in the week pressed price down to Y-0 and opened the door to Y-1. Y-1 tested mid week and held. Closed the week below Y-0 ...
GBPUSD May 23 to May 27 Outlook
Lawrence’s Comment
The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0.
Outlook
As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means the continuation move to the downside will be strong enough to take out B-2 easily.
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