Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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
Lawrence's Comment
Recap
As oppose to retest Y+1, Loonie did a 1-2-3 sell off Y-0 right from the start of the week. That points to at least a retest of ...
GBPUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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