Recap Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint.
Outlook Seasonal up drift for Cable kicks in. Can push cable back up to B+2 where the original break down move started (i.e. the crime scene).
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
Y-0 acted as support on first test but failed to hold up loonie afterwards, that opened the door to tag Y-1 and Y-2. Closed the week near Y-2.
Outlook
The ...
GBPUSD Dec 07 to Dec 11 Outlook
Lawrence’s Comment
Y-1 support sent cable back up to Y-0. Y-0 resistance dropped cable down to 1.49 round number. 1-2-3 buy on 4 hour sent it back up to Y-1 and then stopped at equal distance from Y-1. Closed the week near Y-0 and above mipoint.
Outlook
Seasonal up drift for Cable kicks in. Can push cable back up to B+2 where the original break down move started (i.e. the crime scene).
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