Recap Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
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Lawrence's Comment
Recap
Comparing to S&P, Dow dropped more significantly and displayed weaker price action all week. Of course, we now know JPM was the reason.
Outlook
Similar to S&P, Dow ...
GBPUSD Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
Outlook
Consolidation within Y+1 and B+1.
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