Recap FBO against Y-1 early in the week sent cable back up to 100% absolute range expansion. Stalled from there since. Closed the week above Y-0 and midpoint.
Outlook Signs of a bottom in the making. However, cable may have to retest B-0 and near Y-1 first to form a proper bottom.
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
Recap of Last Week Yellow zone acted as support and the pair went higher as expected. It did not quite reach the target area (green zone) because it stalled ...
Lawrence's Comment
Recap
Breakout play worked out. Clearing Y-1 gave us a straight melt down to Y-3 target. Then a technical bounce took ES higher back to Y-1. Closed the ...
Lawrence's Comment
Recap
Y-0 resistance sent NQ down to near Y-2 target mentioned last week. Worked out well but then rumors and news shock dominated the rest of the week. Closed the ...
Lawrence's Comment
Recap
ES failed to clear Y+1 in the beginning of the week and started its pullback. The normal Y-1 and Y-2 target were tagged. Then news shock from Europe sent ...
GBPUSD Dec 15 to Dec 19 Outlook
Lawrence’s Comment
FBO against Y-1 early in the week sent cable back up to 100% absolute range expansion. Stalled from there since. Closed the week above Y-0 and midpoint.
Outlook
Signs of a bottom in the making. However, cable may have to retest B-0 and near Y-1 first to form a proper bottom.
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