Recap Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook Y+1 now support until proven otherwise. Retest of B+1 likely.
Lawrence's Comment
Recap
As indicated in the comments for Dow, we got the sell climax reading in breadth on Monday and that marked the end of the selloff. Rallied all the ...
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Lawrence's Comment
Recap
Going higher as expected. Tagged Y+3 and beyond. Cannot ask for more! Closed the week at its high.
Outlook
Running up a bit too fast.
Bullish scenario consolidation around B+1 ...
GBPUSD Oct 19 to Oct 23 Outlook
Lawrence’s Comment
Y+1 acted as resistance on first test and sent cable down to support zone mentioned last week. Cable rallied straight up from support back up to Y+2 my upside target. Closed the week above Y+1 and midpoint.
Outlook
Y+1 now support until proven otherwise. Retest of B+1 likely.
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