Recap Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near week low.
Outlook Potential parabolic run as long as Y-1 resistance holds with target Y-3.
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Lawrence's Comment
Recap
I know what the sell up is, so does PPT. Intervention activities on full gear last week. First, breaking the resistance zone mentioned last week to induce a 1-2-3 ...
Lawrence's Comment
Recap
Sideway quite start for the week. Looking for a stronger pullback and we got that after New Year. Selloff ended at 100% absolute range expansion. Closed the week above ...
GBPUSD Aug 15 to Aug 19 Outlook
Lawrence’s Comment
Downside target mentioned last week tagged and led to a weak bounce. Consolidation around Y-1 since and eventually Y-1 turned into resistance. Closed the week below Y-1 and near week low.
Outlook
Potential parabolic run as long as Y-1 resistance holds with target Y-3.
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