Recap Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
Lawrence's Comment
Recap
Ninja found support below Y-1 as expected and took off back up to the price level before its breakdown swing the week before. FOMC decision caused wild swing in ...
GBPUSD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook
As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
Strong upside breakout above B-0 points to continuation rally upto B+2.
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