Recap Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook Although the rally was a product of stop run, the 2nd pop last week gave the bulls a strong support zone at Y+1 / B-0. As long as that holds, cable will challenge Y+3 again.
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
Consolidation at 50% previous week range. Pullback to support mentioned last week. Y-0 acting as support sent ninja up for a retest of Y+1. Closed the week above Y-0 ...
GBPUSD Apr 14 to Apr 18 Outlook
Lawrence’s Comment
Support at Y-1 worked out, gave us Y+1 and more. 200% range expansion like Aussie. Closed the week above Y+1 and midpoint.
Outlook
Although the rally was a product of stop run, the 2nd pop last week gave the bulls a strong support zone at Y+1 / B-0. As long as that holds, cable will challenge Y+3 again.
Share