Recap Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
Lawrence's Comment
Recap
Similar to loonie, aussie produced biggest reaction among the majors from the intervention by the central banks due to its metal currency behaviour. The Y+1 breakout to ...
Lawrence's Comment
Recap
NQ was the bullish one with hint for a run to Y+1 off its Monday action holding Y-0. Then PPT came overnight giving the indices a helping hand to ...
GBPUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook
Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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