Recap Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook Consistent with euro, signs that the strength in USD is building up. Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is 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
Lifted higher to resistance before the test of Y-1, giving it enough fuel to break below Y-1 for 100% absolute range expansion before stopping. Closed the week at ...
GBPUSD Mar 05 to Mar 09 Outlook
Lawrence’s Comment
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook
Consistent with euro, signs that the strength in USD is building up.
Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
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