Recap Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
Lawrence's Comment
Recap
Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook
As ...
GBPUSD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook
As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
Strong upside breakout above B-0 points to continuation rally upto B+2.
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