Recap Opened the week above Y+1 and staying above invalidated the potential for a drop back down to Y-0 and below. Fed announcement sent cable to Y+3 normal breakout target and stalled. Closed the week below midpoint and Y+2.
Outlook 2nd wide range week closing near midpoint likely gives us a consolidation week around B-0. Price should be trapped within B-1 and B+1.
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GBPUSD Sep 23 to Sep 27 Outlook
Lawrence’s Comment
Opened the week above Y+1 and staying above invalidated the potential for a drop back down to Y-0 and below. Fed announcement sent cable to Y+3 normal breakout target and stalled. Closed the week below midpoint and Y+2.
Outlook
2nd wide range week closing near midpoint likely gives us a consolidation week around B-0. Price should be trapped within B-1 and B+1.
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