Recap Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to the outcome is necessary before we can tell what the market is intending to do.
Lawrence's Comment
Recap
Another not so surprising attack against the bears last week. As mentioned last week, the gaps above were inviting Dow to revisit them quickly. The surprise was that it ...
Lawrence's Comment
Recap
Gap down and consolidated around B-0. Then zoomed higher as expected. Another easy play last week. Closed the week above Y+2.
Outlook
The target of Y+3 should be reached ...
Recap of last week Gap above the resistance area (yellow zone) and sell back down to test the zone from above. Yellow zone acted as support, leading to a ...
Lawrence's Comment
Recap
Took off right from the start of the week and consolidated above Y+1 pointing to a push towards Y+3. At 100% absolute range expansion, heavy selling kicked ...
GBPUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to the outcome is necessary before we can tell what the market is intending to do.
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