Recap Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the top of the range.
Outlook As long as Y+1 downto B-0 is acting as support, Y+2 and B+2 in play.
Lawrence's Comment
Recap
Gap and go points to at least tagging Y+2 and we got that first thing in the week. Y+2 turned into support sending ES up to Y+3. Closed the ...
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GBPUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the top of the range.
Outlook
As long as Y+1 downto B-0 is acting as support, Y+2 and B+2 in play.
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