Recap Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
Lawrence's Comment
Recap
Topped at the resistance area as expected and sold off to Y-0 as expected as well.
Outlook
A choice has to be made here and that depends on gold. ...
GBPUSD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook
Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
Share