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Lawrence's Comment
Recap
Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook
Although the rally was a product of stop ...
GBPUSD Jan 28 to Feb 01 Outlook
Lawrence’s Comment
As expected a bit more downside and then consolidation. Spent most part of the week below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Normal situation we should see a flush to B-3 to complete this leg down.
The rare case scenario is that cable jumped above B+1. That will induce a quick pop to Y-0.
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