Recap Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 and midpoint.
Outlook Cable snapped out of its pullback on weekly.
As long as it can hold Y+2 to B-0 zone on a potential pullback, B+1 will be retested.
Lawrence's Comment
Recap
Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint.
Outlook
A pocket at ...
GBPUSD Jun 10 to Jun 14 Outlook
Lawrence’s Comment
Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 and midpoint.
Outlook
Cable snapped out of its pullback on weekly.
As long as it can hold Y+2 to B-0 zone on a potential pullback, B+1 will be retested.
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