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.
Lawrence's Comment
Recap
Cannot even get pass 1.28 and then euro zone sending out more bad news. Y-1 failed to act as support and euro ended up flushing down to ...
Lawrence's Comment
Recap
Gapped down to Y-2 following Dow. That turned Y-0 into resistance zone. Yet NQ bounced from Y-2 all the way to above Y-0 creating mixed signals. At the ...
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
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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