Recap Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook Although the rally was a product of stop run, the 2nd pop last week gave the bulls a strong support zone at Y+1 / B-0. As long as that holds, cable will challenge Y+3 again.
Lawrence's Comment
Recap
False breakout to the upside first. Confirmed failure points to selloff to original tight range bottom at around Y-2. Downside breakout of the tight range after tagging Y-2. ...
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Lawrence's Comment
Recap
Gapped below Y-1 to open the week turned Y-0 into resistance. Y-0 capped the attempt to go higher gave us a retest of week low at Y-2. Ninja flushed ...
GBPUSD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook
Although the rally was a product of stop run, the 2nd pop last week gave the bulls a strong support zone at Y+1 / B-0. As long as that holds, cable will challenge Y+3 again.
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