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Lawrence's Comment
Recap
FBO Y+1 is ledge breakout failure. That gave us Y+1 and a slide back down to where the last up leg started. Closed the week below Y-1 and midpoint.
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GBPUSD Jan 25 to Jan 29 Outlook
Lawrence’s Comment
Weak open led to a flush lower but failing to tag Y-2. This gave us a squeeze back up to week high. Close the week near Y-1 and above midpoint.
Outlook
B-0 down to B-1 now strong support for a move back up to B+2 and potentially B+3.
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