Recap What resistance? Y-0 did not even give cable a pause when it shot up from previous week close. That opened the door to Y+1. Cleared Y+1 midweek. Pullback to midpoint and continue to match higher. Closed above Y+1 and near week high.
Outlook 1.61 resistance cleared and is now support. Until 1.61 turning into resistance, will not be interested in the short side at all.
Coming 2 weeks are holiday week and year end. Light volume is consolidation likely.
Lawrence's Comment
Recap
Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below ...
Lawrence's Comment
Recap
As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook
1-2-3 sell on 4 ...
Lawrence's Comment
Recap
Pullback as expected but not the consolidation type. First move back down to Y-0 pierced thru decisively triggered the Y-1 target. Eventually price moved near Y-1 and bounced. Closed ...
GBPUSD Dec 17 to Dec 21 Outlook
Lawrence’s Comment
What resistance? Y-0 did not even give cable a pause when it shot up from previous week close. That opened the door to Y+1. Cleared Y+1 midweek. Pullback to midpoint and continue to match higher. Closed above Y+1 and near week high.
Outlook
1.61 resistance cleared and is now support. Until 1.61 turning into resistance, will not be interested in the short side at all.
Coming 2 weeks are holiday week and year end. Light volume is consolidation likely.
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