Recap The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook As long as B-0 acts as support, looking for B+2 to be tagged.
Lawrence's Comment
Recap
NQ failed to clear prior week close and collapsed back down to Y-0. Y-0 has been acting as resistance since and sent NQ down to Y-1. Y-1 support led ...
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Lawrence's Comment
Recap
No pullback / no double top continuation from the week before last week. How? By gapping thru Y+1 and zoom up to Y+2.
Outlook
Clear short squeeze in progress with ...
Lawrence's Comment
Recap
First time since beginning of the year where Y-0 acted as resistance and gave us a selloff down to my target area 14800-14900. As I warned last week, beware ...
GBPUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook
As long as B-0 acts as support, looking for B+2 to be tagged.
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