Recap Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
Lawrence's Comment
Recap
The bounce to Y-0 scenario unfolded exactly as described last week. The wait and see part at Y-0 turns into the bearish setup of trading below Y-1, pointing ...
Lawrence's Comment
Recap
S&P acted the weakest as noted last week. It dropped 100% absolute range expansion to the downside and tagged Y-3.
Outlook
Although S&P was weak, it is still holding ...
GBPUSD Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook
Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
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