Recap Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook Seasonal weaknesses will continue til the end of the year.
Lawrence's Comment
Recap
Attempt to rally off Y-1 early in the week stopped stone cold at my resistance Y-0 area. Sold off from there and retested Y-1. Closed the week ...
Lawrence's Comment
Recap
Development in Libya and Japan shocks many markets including this one. Failed to hold above Y-0 and stalled to a tight range between Y-1 to Y-0.
Outlook
If B+1 is ...
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GBPUSD Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook
Seasonal weaknesses will continue til the end of the year.
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