Recap Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook 2 weeks in a row with midpoint around same price level and then a close back to the same level last week tells us how important this price level is.
I need this zone (B-1 / Y-0) to act as support before I commit to the long side for a run to B+1 again which has a better odds in happening.
Lawrence's Comment
Recap
Expectation of euro going lower paid off. FOMC announcement failed to swing euro above Y+1 and gave us the Y-2 target. Closed the week below Y-1 and midpoint.
Outlook
As long ...
Lawrence's Comment
Recap
Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint.
Outlook
Last week was a variation of consolidation ...
GBPUSD Apr 07 to Apr 11 Outlook
Lawrence’s Comment
Got the pullback as expected. Not much else to play with since. Closed the week near Y-0 and B-1.
Outlook
2 weeks in a row with midpoint around same price level and then a close back to the same level last week tells us how important this price level is.
I need this zone (B-1 / Y-0) to act as support before I commit to the long side for a run to B+1 again which has a better odds in happening.
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