Recap Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
Lawrence's Comment
Recap
My bearish bias is proven correct and B-2 was tagged. Closed the week below Y-2 and at week low.
Outlook
Again, back to 1.59 support zone. A decision has ...
Lawrence's Comment
Recap
Once Y-0 was breached, we get our target Y-2. Pretty easy, isn't it?
Outlook
B-1 is potentially a strong support level as many shorts are trapped underneath.
If B-1 acts as ...
Recap
Y-1 to Y-0 acted as resistance. Sold off to target Y-2.
Outlook
A flush low at B-2 early in the week points to consolidation for the rest of the week.
If ...
Lawrence's Comment
Recap
FBO against B+1 gave as sell off down to 100% absolutely range expansion. Buying discovered there produced a short squeeze straight back up to Y+1 and above. Tagged Y+2 ...
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GBPUSD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook
Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
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