Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
Lawrence's Comment
Recap
A flush to Y-2 resulted in a quick bounce back above Y-1. That puts Y+1 in play. As mentioned last week, we are looking for a run ...
Lawrence's Comment
Recap
A push towards Y+2 as expected. Failed on 3rd try resulting in a quick slide back down to Y-0. Closed the week near week low.
Outlook
As long as ...
GBPUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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