Recap Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.
Outlook As long as Y-0 / B-0 acting as resistance, B-2 and below in play.
Lawrence's Comment
Recap
Popped higher right from the start of the week. Pullback found support at Y+1 / previous week close pointing to Y+2 target in play. Got Y+2 and consolidated around ...
Lawrence's Comment
Recap
Euro bounced higher from Y-1 but failed to clear Y-0 the strong resistance zone. That opened the door to a flush down to Y-3. Euro reacted to the 1.27 ...
GBPUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.
Outlook
As long as Y-0 / B-0 acting as resistance, B-2 and below in play.
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