Recap Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 and midpoint.
Outlook Cable snapped out of its pullback on weekly.
As long as it can hold Y+2 to B-0 zone on a potential pullback, B+1 will be retested.
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
Lawrence's Comment
Recap
Flip-flop all week as expected. 50% range again. Closed the week above Y-0 and near midpoint.
Outlook
2nd week 50% range points to range expansion is coming soon so ...
GBPUSD Jun 10 to Jun 14 Outlook
Lawrence’s Comment
Moved higher as expected and then it turned into full power rally. When cable cleared Y+3, a short squeeze / stop run was induced. Closed the week above Y+3 and midpoint.
Outlook
Cable snapped out of its pullback on weekly.
As long as it can hold Y+2 to B-0 zone on a potential pullback, B+1 will be retested.
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