Recap Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook Consistent with euro, signs that the strength in USD is building up. Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
Lawrence's Comment
Recap
Rejected Y-1 in the beginning of the week with Y-0 failed to act as resistance hinted that Y+1 was going to be challenged. The breakout to the ...
Lawrence's Comment
Recap
Y-0 acted as support helping euro to clear Y+1 in 1 go. Y+2 tagged and Y+1 turned into support for breakout play towards Y+3. Y+4 tagged and stopped the ...
Lawrence's Comment
Recap
As expected, Y-0 resistance with a test of Y-1 after flat line action in the beginning of the week. Closed the week near Y-1 and week low.
Outlook
Weekly ...
GBPUSD Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook
Consistent with euro, signs that the strength in USD is building up.
Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
Share