Recap Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below Y-0 and midpoint.
Outlook Brexit countdown. News shocks should be expected everyday. Compression around the current level with long tails at both ends likely.
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
Consolidation around previous week close. Trapped between Y+1 and Y-0. Closed the week near Y-0 and B-1.
Outlook
Still trapped within the same range over the past several weeks. ...
Lawrence's Comment
Recap
Y-1 FBO led to a bounce back up to resistance below Y-0. 2nd attempt at Y-1 gave us a clean drop to below Y-2 and 100% absolute range expansion ...
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
Y+1 acted as resistance and sold off to target zone mentioned last week. Closed the week above midpoint.
Outlook
Y+1 and B+1 is now key price level to break thru ...
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 06 to Jun 10 Outlook
Lawrence’s Comment
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below Y-0 and midpoint.
Outlook
Brexit countdown. News shocks should be expected everyday. Compression around the current level with long tails at both ends likely.
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