GBPUSD Feb 12 to Feb 16 Outlook

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 Pushed above B+1 and 1.0 par level but failed to hold above that. Eventually broken down and dropped to Y-0. Closed the week above Y-0 and below ...

Lawrence's Comment Recap Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint. Outlook 1.08 ...

Lawrence's Comment Recap Weaken early in the week but Y-1 was never tested. Consolidated below Y-0 during the quiet holidays. Then a low volume short squeeze / stop run took Loonie conveniently ...

Lawrence's Comment Recap As expected ninja consolidation within Y-0 and Y+1 first. Once Y-0 was breached, we get a go for Y-1. Y-1 tagged and breached by a flush. Closed the week ...