Lawrence's Comment
Recap
Consolidation into NFP Friday as expected. Sudden weakening of USD against other majors on Friday gave the stock market strength to hold up. Closed the week above Y-0 and ...
Lawrence's Comment
Recap
Tighest range in several weeks. Tagged my upside target with slow drift up as expected. The reaction to that was like lightening strike and dropped Aussie lower. ...
Lawrence's Comment
Recap
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the ...
GBPUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint.
Outlook
Cable is simply playing catch up with Euro. Y-1 / B-0 strong resistance zone with Y-4 potential target for sharp bounce back to resistance.
Share