Recap A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag the 2nd peak. Once that is completed, a sharp selloff was resulted. Closed the week below midpoint and near week low.
Outlook Tagging B-2 will complete the downside target of the price pattern.
How Pound reacts there will determine if the daily uptrend is over.
Lawrence's Comment
Recap
Pulled back to our downside target from last week then consolidate. Retest of Y+1 failed to breakout to the upside.
Outlook
Direction is not established from the test. Hence we ...
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
Y+1 resistance sent Euro lower but it found support at Y-0. After 2nf try failed to clear Y-0, Euro was forced to test Y+1 after. Closed the week near ...
GBPUSD Apr 16 to Apr 20 Outlook
Lawrence’s Comment
A very funny week across all major pairs including this pair. The drift up early in the week is the classic 3 Pushes Up move to tag the 2nd peak. Once that is completed, a sharp selloff was resulted. Closed the week below midpoint and near week low.
Outlook
Tagging B-2 will complete the downside target of the price pattern.
How Pound reacts there will determine if the daily uptrend is over.
Share