Recap Started the week rejecting Y+1 and dropped quickly. Y-0 then acted as resistance giving us a drop to below Y-1. Yet originaly down side target still not reached and ended with a late week bounce. Closed the week below Y-0 and near midpoint.
Outlook Rejected Y-1 decisively. Down trend invalidated. Another pair with potential wide range consolidation in play. Not bullish until B+1 / Y+1 is cleared.
Lawrence's Comment
Recap
Aussie was the easy play last week. As Y-0 was breached, the down channel was broken giving us upside target of Y+1 and above. Aussie zoomed back up to ...
Lawrence's Comment
Recap
Rallied back to gap resistance above. Without fully filling the gap, news shcok sending Dow lower by 450 points before it could find a bottom. As drastic as ...
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GBPUSD Jan 20 to Jan 24 Outlook
Lawrence’s Comment
Started the week rejecting Y+1 and dropped quickly. Y-0 then acted as resistance giving us a drop to below Y-1. Yet originaly down side target still not reached and ended with a late week bounce. Closed the week below Y-0 and near midpoint.
Outlook
Rejected Y-1 decisively. Down trend invalidated. Another pair with potential wide range consolidation in play. Not bullish until B+1 / Y+1 is cleared.
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