Recap Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint.
Outlook For the breakout to continue, Y-1 must act as resistance and force cable lower quickly. FBO against Y-1 will produce a sharp squeeze higher back up to challenge Y+1.
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
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
Consolidated around Y+1. Less than 50% range of week prior to last. Closed the week below Y+1 and midpoint.
Outlook
ES is weaker than NQ. It is structurally much weaker ...
GBPUSD Aug 10 to Aug 14 Outlook
Lawrence’s Comment
Trapped in same range as in past several weeks. Then downside breakout happened. Closed the week near Y-1 and below midpoint.
Outlook
For the breakout to continue, Y-1 must act as resistance and force cable lower quickly. FBO against Y-1 will produce a sharp squeeze higher back up to challenge Y+1.
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