Recap Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above Y-0.
Outlook Confirmed rejection of 1.61. As long as B-0 acting as resistance, B-2 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
Lawrence's Comment
Recap
Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint.
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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
Flushed to new low but bounced at once back above Y-1. Closed the week above midpoint and Y-1.
Outlook
Another longer term potential bottom in the making. Confirmation would ...
GBPUSD Dec 10 to Dec 14 Outlook
Lawrence’s Comment
Cable ran straight up to Y+2 and then stalled. Then euro zone b.s. kicked in sending it back down to Y-0. Closed the week below midpoint and above Y-0.
Outlook
Confirmed rejection of 1.61. As long as B-0 acting as resistance, B-2 in play.
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