Recap Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to Y+1 quickly. Closed the week above Y+1 and near week high.
Outlook Seasonal up drift continue until FOMC announce this week is likely. This week also marks the end of the seasonal bullish bias.
Lawrence's Comment
Recap
Gap below previous week low and started a mini crash to not just our closest 12800 (Y-2) target. It also tagged Y-3 quickly. That kind of moves ...
Lawrence's Comment
Recap
Inside week. Absolutely going nowhere. Closed the week below Y-0 and midpoint.
Outlook
A week of bear flag points to retest of Y-1 sometime next week.
If a base ...
Lawrence's Comment
Recap
Bottoming formation gave us a run from Y-0 to Y+2, yet Y+1 failed to act as support. Closed the week below Y+1 and midpoint.
Outlook
Y+1 failing to hold means the ...
Lawrence's Comment
Recap
Intervention as expected. Forced ninja back up to Y+1 before it stalled. Closed the week near week high.
Outlook
Consolidation after 2 weeks of wild swings is likely. As ...
GBPUSD Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to Y+1 quickly. Closed the week above Y+1 and near week high.
Outlook
Seasonal up drift continue until FOMC announce this week is likely. This week also marks the end of the seasonal bullish bias.
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