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
Lawrence's Comment
Recap
Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint.
Outlook
To start a new up trend on daily against US ...
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
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.
Share