Recap Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.
Outlook As long as Y-0 / B-0 acting as resistance, B-2 and below 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
Lawrence's Comment
Recap
As predicted, Dow cannot hold Y-1 and flushed lower. Almost down to Y-2 when 50% absolute range capped the move and started a violent struggle to form a bottom. ...
Lawrence's Comment
Recap
Can't be more easy than this last week out of the markets I traded - test of previous week high (Y+1) and failed pointing to a test of ...
GBPUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.
Outlook
As long as Y-0 / B-0 acting as resistance, B-2 and below in play.
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