Recap Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the top of the range.
Outlook As long as Y+1 downto B-0 is acting as support, Y+2 and B+2 in play.
Lawrence's Comment
Recap
Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.
Outlook
Warned last week wild swings are expected ...
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 expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts ...
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 Jul 25 to Jul 29 Outlook
Lawrence’s Comment
Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the top of the range.
Outlook
As long as Y+1 downto B-0 is acting as support, Y+2 and B+2 in play.
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