Lawrence's Comment
Recap
Easy play of the week. Held support, run to target mentioned last week and stalled. Closed the week below Y+1 and above midpoint.
Outlook
B-0 acting as support we ...
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Lawrence's Comment
Recap
Consolidation above former weekly resistance level. 100% absolute range bounded the moves. Closed the week above Y-0 and midpoint.
Outlook
Weekly level bull flag is now in place. A ...
Lawrence's Comment
Recap
As projected last week, a test of resistance first and then a drop to target below. Very orderly. Closed the week above midpoint and Y-1.
Outlook
Support zone acted ...
GBPUSD Dec 12 to Dec 16 Outlook
Lawrence’s Comment
Completely stuck within Y-0 to Y+1. Makes sense because cable is not the primary target of the intervention done 2 weeks ago.
Outlook
Breakout mode. Am not expecting a breakout to happen before new yeat though as many traders already left for the holiday.
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