Recap Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back down below Y+1 and midpoint. Closed the week below Y+1 and midpoint.
Outlook Y+1 / B-0 now confirmed resistance until poven otherwise. A test of Y-0 / B-1 in play.
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
FBO against Y+1 gave us Y-0 and the next support below. Closed the week above Y-0 and midpoint.
Outlook
Non-stop intervention by ECB and other central banks, Euro has ...
Lawrence's Comment
Recap
Ninja flushed below Y-3 as expected with no snap back. Y-4 acted as support since. Closed the week below Y-3 and midpoint.
Outlook
Brexit can indirectly affects ninja jumping ...
GBPUSD Aug 29 to Sep 02 Outlook
Lawrence’s Comment
Y-0 support for the 2nd leg up towards Y+2. Failed to push above Y+2 and stalled. Friday event led to fade out to new high before collapsing lower back down below Y+1 and midpoint. Closed the week below Y+1 and midpoint.
Outlook
Y+1 / B-0 now confirmed resistance until poven otherwise. A test of Y-0 / B-1 in play.
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