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
Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint.
Outlook
Potential break ...
Lawrence's Comment
Recap
Dropped lower to tag the downside target right off the start and snapped back up. FBO gave us a go for Y-0 and we got that. Perfect sell setup ...
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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