Lawrence's Comment
Recap
First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed ...
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
A sell off out of nowhere thanks to jawboning by Fed officials. Y-1 breached but NQ recovered with a revenge rally back to challenge Y+1. That opened the door ...
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 Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Got our target Y+2 early in the week. Pullback holding Y-0 giving us a 2nd chance for test and break above Y+2. Closed the week at Y+2.
Outlook
If the uptrend is going to continue, a fast run to B+2 is needed early in the week as the push up is significantly weaker so far.
If B-0 failed to act as support, expecting a quick drop back down to B-2.
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