Recap Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook 2 weeks of tight range compressed more fuel for the eventual breakout from this range. Potential whiplash action at B+2 that can drop cable all the way back down to B-2.
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
GBPUSD Apr 06 to Apr 10 Outlook
Lawrence’s Comment
Breakout on 4 hours was not triggered. Instead we get another tight range consolidation week. Closed the week near Y-0 and above midpoint.
Outlook
2 weeks of tight range compressed more fuel for the eventual breakout from this range. Potential whiplash action at B+2 that can drop cable all the way back down to B-2.
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