Recap Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
Outlook Spike low below B-1 but above Y-2 / B-2 can spark a rally back up to Y-0.
Lawrence's Comment
Recap
Cable found support at 1.56 and bounced back above Y-0 yet failed to hold above. 2nd try to go higher from Y-1 was stopped at Y-0. By end of ...
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
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 Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
Outlook
Spike low below B-1 but above Y-2 / B-2 can spark a rally back up to Y-0.
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