Recap Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 and below. Closed the week near Y-3 and below midpoint.
Outlook A bounce to Y-2 / B-0 is in the making as long as B-1 acts as support. Potential 3 pushes down on 4 hour in the making.
Lawrence's Comment
Recap
As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the week ...
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
Aussie tried to push higher can failed due to the obvious weaknesses mentioned last week. Ended up another consolidation week with tight range. Closed the week above Y-0 and ...
GBPUSD Aug 31 to Sep 04 Outlook
Lawrence’s Comment
Uptrend intact in beginning of the week gave us the Y+2 target. Then violent takedown breached Y-0 key up channel support. Waterfall effect brought cable straight down to Y-3 and below. Closed the week near Y-3 and below midpoint.
Outlook
A bounce to Y-2 / B-0 is in the making as long as B-1 acts as support. Potential 3 pushes down on 4 hour in the making.
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