Recap Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook Structure down channel move does not last. If B-1 acts as support, a retest of B-0 / Y-1 zone is likely.
Lawrence's Comment
Recap
Failed to push thru Y-0 early in the week and a landslide started. Y-2 failed to act as support and forced a flush below Y-3. Rally from ...
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
Y-0 acted as support and Aussie zoomed up above Y+1. Closed the week at around Y+1.
Outlook
If Y+1 to B+1 turning into resistance, we likely get a selloff back ...
Lawrence's Comment
Recap
Not only Dow fulfilled our upside target of 12000 mentioned last week, it actually completed 100% absolute range expansion before stalling. Closed the week near the high of ...
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 Jun 01 to Jun 05 Outlook
Lawrence’s Comment
Expectation of open gap below to be filled has materialized. Took multiple steps of decline to get the job done. Closed the week below Y-2 and midpoint.
Outlook
Structure down channel move does not last. If B-1 acts as support, a retest of B-0 / Y-1 zone is likely.
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