Recap Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.
Outlook More downside is expected. A down channel is developed and cable will snap out of it sooner or later.
Lawrence's Comment
Recap
Dow in consolidation mode until trouble in Asia spreaded. Sell shock produced a 100% expansion off the tight range and Y-2 was tagged. Closed the week near Y-2 and ...
Lawrence's Comments
Recap
After 3 weeks of consolidation, finally a breakout from tight range. 200% expansion target (Y+3) reached and stalled from there. Closed the week above week midpoint.
Outlook
The upmove ...
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GBPUSD Nov 28 to Dec 02 Outlook
Lawrence’s Comment
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at the low of the week.
Outlook
More downside is expected. A down channel is developed and cable will snap out of it sooner or later.
Any bounce should take cable back up to B-0.
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