Recap Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back down below Y+1 and midpoint. Closed the week below Y+1 and midpoint.
Outlook Y+1 / B-0 now confirmed resistance until poven otherwise. A test of Y-0 / B-1 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
Lawrence's Comment
Recap
Cleared Y-0, so gave us a go for a run above Y+1. Then before tagging Y+2, there came the news shock from G20. That trigger the 2nd setup mentioned ...
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 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back down below Y+1 and midpoint. Closed the week below Y+1 and midpoint.
Outlook
Y+1 / B-0 now confirmed resistance until poven otherwise. A test of Y-0 / B-1 in play.
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