Recap As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.
Lawrence's Comment
Recap
Gap down to Y-1 right off the start of the week. Failed to fill the gap above on first try and flushed to below Y-1. Then everything reversed ...
Lawrence's Comment
Recap
Original expectation of a push back to at least Y-0 and then Y+1 was correct. Aussie failed to push thru Y+1 and sold off since. Closed the week below ...
Lawrence's Comment
Recap
As expected, cable price trapped between Y-1 to Y+1. Attempt to break lower failed then higher high and higher low swinged cable back up to almost Y+1. Closed the ...
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GBPUSD Jan 12 to Jan 16 Outlook
Lawrence’s Comment
As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook
A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.
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