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As Featured In
GBPUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the week near Y-1 and below midpoint.
Outlook
Outside reversal week with close below Y-1 is a very strong reversal pattern. More downside expected. B-2 / Y-3 in play as long as B-0 continue to act as resistance.
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