Recap Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to the outcome is necessary before we can tell what the market is intending to do.
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 ...
GBPUSD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Consolidation play around Y-1 then wild swings due to news shocks later in the week. Closed the week below Y-0 and near week high.
Outlook
Cable anchored itself to the same parking spot over past few weeks. Brexit now the only thing that matters. Staying on the sideline until first reaction to the outcome is necessary before we can tell what the market is intending to do.
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