Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
Lawrence's Comment
Recap
Was looking for a drop but not as steep as what happened. Weak right from the beginning of the week failed to hold Y-0 points to a ...
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Lawrence's Comment
Recap
Consolidation around Y-1. In waiting mode for ECB's actions this coming week. Closed the week above Y-1 and midpoint.
Outlook
All week bear flag near Y-1 is bearish. Consolidation ...
Lawrence's Comment
Recap
Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook
No clear swing formation to lean on. Even last week I can tell ...
GBPUSD Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook
Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
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