Lawrence's Comment
Recap
Take a look at the comments on Euro as Cable was behaving exactly like Euro last week.
Outlook
The timing of the new infinite QE program by Fed tells ...
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GBPUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
W. upthrust against Y+1 in beginning of the week set up the pair for a drop to Y-1. Tagged Y-1 and bounced. closed the week near Y-1.
Outlook
The door has opened to the downside. As mentioned last week, Y-2 would be in play once Y-0 failed to act as support. Y-2 in play next week.
Upside potential is very limited unless 1.60 failed to act as resistance.
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