Recap Rejected twice below Y-0 at 1.62. 2nd time sent cable down to Y-2. Staying weak as expected. Sold off to the nearest target as expected. Closed the week above midpoint and Y-1.
Outlook End of year next week. It is difficult to tell if we are getting a longer term top here as trading was thin. Will focus on short term daytrading opportunities instead of swing trade until after 1st 2 weeks of 2013 is over.
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
Consolidation and wild swings under Y-0 as expected. Closed the week above Y-1 and near week low.
Outlook
Inside week consolidation suggests retest of Y-1 very likely. The critical price to ...
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
NQ gapped up to my upside target then sold off hard to th below Y-1. Once NQ reclaimed Y-1, it started a strong sequeeze back up to near week ...
GBPUSD Dec 31 to Jan 04 Outlook
Lawrence’s Comment
Rejected twice below Y-0 at 1.62. 2nd time sent cable down to Y-2. Staying weak as expected. Sold off to the nearest target as expected. Closed the week above midpoint and Y-1.
Outlook
End of year next week. It is difficult to tell if we are getting a longer term top here as trading was thin. Will focus on short term daytrading opportunities instead of swing trade until after 1st 2 weeks of 2013 is over.
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