Recap Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook Y+1 now support until proven otherwise. Retest of B+1 likely.
Lawrence's Comment
Recap
NQ found resistance at the open gap above and failed to test Y+1. That opened the door to Y-1 as it gapped down below Y-0. Y-1 was proven not ...
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Lawrence's Comment
Recap
As oppose to just consolidate like Loonie, Aussie continued its path towards the Y-2 target before bouncing back. Attempts to trade above Y-1 failed so far and closed ...
GBPUSD Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook
Y+1 now support until proven otherwise. Retest of B+1 likely.
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