Lawrence's Comment
Recap
Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and ...
Lawrence's Comment
Recap
Started the week with a mild bounce as expected. After breakdown below Y-1, no support until Y-2 as stated last week. Tagged Y-2 and holding there since. ...
GBPUSD Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Consolidation around Y-0 all week. Closed the week below Y-0 and midpoint.
Outlook
Structure of inverse head and shoulder intact but the formation has weaken. Breaking below B-2 points to weekly down trend continuation.
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