Recap Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the week near Y-1.
Outlook Inside week formed. Breakout of the range Y+1 to Y-1 will give us the direction to play for coming few weeks.
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GBPUSD Jan 09 to Jan 13 Outlook
Lawrence’s Comment
Cable almost tagged both Y+1 and Y-1 quickly as it zoomed away from Y-0 as suggested last week. Yet no breakout of the range and closed the week near Y-1.
Outlook
Inside week formed. Breakout of the range Y+1 to Y-1 will give us the direction to play for coming few weeks.
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