Recap Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
Lawrence's Comment
Recap
NQ did flushed and snap back up in the beginning of the week without tagging Y-2 but failed to clear week high on Wednesday thanks to various big firms ...
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
For more information about this report please refer to the Market Bias Informant pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
GBPUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook
Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
Share