Recap Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+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
Lawrence's Comment
Recap
More news feeding out from Japan government and BOJ sent ninja to the long term resistance upper zone of 88. Closed the week above Y+2 and near ...
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 25 to Apr 29 Outlook
Lawrence’s Comment
Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
Outlook
Consolidation within Y+1 and B+1.
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