Lawrence's Comment
Recap
No violent breakout, just a weak outside week reversal. Closed the week below Y-1.
Outlook
A reversal happened but not as strong as I hope for. Definitely need Y-0 ...
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
Recap
Rallied a bit stronger than expected in beginning of the week. Still sold off to target B-1 area. Closed the week below previous week close.
Outlook
Weaknesses in internals is very ...
Lawrence's Comment
Recap
Failed to break above previous week close right from the start led to a flush to Y-2 before a bounce can happen. The bounce failed to go ...
GBPUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint.
Outlook
The spike low against Y-1 means support is found at that level. A retest of Y-1 down to B-1 will setup a powerful long formation.
Breaking below B-1 will give us a quick slide down to B-2.
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