Recap Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target B-2 potential.
Lawrence's Comment
Recap
Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above ...
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 ...
Nasdaq 100 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign of weaknesses yet as 30-min timeframe uptrend is intact. A quick drop back down to below B-0 will induce more selling with target B-2 potential.
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