Recap Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the week.
Outlook Tricky setup here.
If Y-2 to B-1 acts as a platform sending the pair higher to break above B-0, this will turn into a continuation long setup pointing to B+2 or higher price level.
If early in the week B-1 to Y-1 turns into resistance leading to lower prices, then B-2 is the 1st target.
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Lawrence's Comment
Recap
Dropped below 15000 as expected. Flushed down to Y-3 and support was found. Bounced back up to week mid. Closed the week near midpoint and Y-2.
Outlook
Well structured selling. No ...
Lawrence's Comment
Recap
How does a central bank influence the markets? Well, choose a side and punish the other one like what happened last week. Ninja held Y-0 all the way with ...
GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Three pushes against Y-0 and failed to take it out. Leading to a selloff of 100% absolute range expansion to the dowside. Closed at the low of the week.
Outlook
Tricky setup here.
If Y-2 to B-1 acts as a platform sending the pair higher to break above B-0, this will turn into a continuation long setup pointing to B+2 or higher price level.
If early in the week B-1 to Y-1 turns into resistance leading to lower prices, then B-2 is the 1st target.
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