Recap As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook 2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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
Was looking for resistance at Y+1 going back down to Y-0. We got that and euro was stuck since. Closed the week near Y-0 and below midpoint.
Outlook
Breaking below B-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
GBPUSD Aug 13 to Aug 17 Outlook
Lawrence’s Comment
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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