Recap Pressed below Y-0 resulted in a selloff testing the September low. 2nd drop from around Y-1 was a news shock thus failed to carry the pair lower with weight and resulted in immediate bounce back into the consolidation range. Closed the week the 3rd time around Y-0.
Outlook Indecision is the word I used last week and here we go again stuck at the same spot. Nothing changes until we get a decisive move off this zone between B-1 to Y+1.
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Lawrence's Comment
Recap
ES dropped ti Y-0, found support, zoomed back up to test the pre-break down level and failed to clear Y+1. This gave us a go for Y-1. Got Y-1 ...
Lawrence's Comment
Recap
Consolidation whole week. 50% range of the week prior. Closed the week at midpoint above Y-1.
Outlook
No real direction will be established until the politicians / governments sort out ...
GBPUSD Oct 10 to Oct 14 Outlook
Lawrence’s Comment
Pressed below Y-0 resulted in a selloff testing the September low. 2nd drop from around Y-1 was a news shock thus failed to carry the pair lower with weight and resulted in immediate bounce back into the consolidation range. Closed the week the 3rd time around Y-0.
Outlook
Indecision is the word I used last week and here we go again stuck at the same spot. Nothing changes until we get a decisive move off this zone between B-1 to Y+1.
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