Recap Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint.
Outlook FBO against 0.75 long term resistance. Confirmation this week will point to swing top in place with more downside in coming weeks.
Back in 2011, when SNB suddenly announced their decision to peg Swiss Franc to Euro, I commented that from that point in time, I would not touch anything related 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
Sudden intraday swings all week. 100% range capped all the moves. Closed the week belowY-0 and above midpoint.
Outlook
Brexit week means wait and see until it is over. ...
AUDUSD Jun 27 to Jul 01 Outlook
Lawrence’s Comment
Pre-Brexit ramp up from Y+1 to normal breakout target of Y+3. Spike reversal from Y+3 gave us Y+1 and then Y-1. Closed the week near Y+1 and midpoint.
Outlook
FBO against 0.75 long term resistance. Confirmation this week will point to swing top in place with more downside in coming weeks.
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