Recap Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint.
Outlook Daily down trend continues. Y-1 / B-0 strong resistance. A test of B-1 first and held will give us a bounce back up there. Without that, more downside is expected.
Lawrence's Comment
Recap
Weaknesses continue as expected. First try testing Y-0 failed leading to new low for the week. The w. spring type action still fail to take the pair to ...
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Lawrence's Comment
Recap
My question last week was answered the moment NQ gapped up above its Y-0. That killed the chance to go lower and provided a platform for Dow to hold ...
GBPUSD Nov 17 to Nov 21 Outlook
Lawrence’s Comment
Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal expansion target. Closed the week near Y-2 and below midpoint.
Outlook
Daily down trend continues. Y-1 / B-0 strong resistance. A test of B-1 first and held will give us a bounce back up there. Without that, more downside is expected.
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