Recap Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
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 expected, total sideway action all week. slided down to Y-1 and bounced. Pushed thru Y-0 and tried to breakout upside above Y+1 failed. Closed the week ...
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 04 to Jul 08 Outlook
Lawrence’s Comment
Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook
Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
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