Recap Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint.
Outlook B-0 / 1.42 strong resistance for a retest of B-1. Breaking below with a quick snapback above B-1 points to short term bottom in place.
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
Clean spike and ledge setup worked out perfectly tagging target near Y-3 and no support until 200% range expansion was completed. Closed the week near Y-4 and week low.
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GBPUSD Apr 11 to Apr 15 Outlook
Lawrence’s Comment
Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint.
Outlook
B-0 / 1.42 strong resistance for a retest of B-1. Breaking below with a quick snapback above B-1 points to short term bottom in place.
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