Recap Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook Seasonal weaknesses will continue til the end of the year.
Lawrence's Comment
Recap
Consolidated around Y-0 and Y-1. Closed the week above Y-1.
Outlook
If Y-1 acts as support and send the pair above 1.06 area, the 4 hour level down trend ...
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
Consolidation week at 50% range. 1780 magic #. Due to overnight news shock all week, we observed surprise breakout plays almost everyday last week. Yet, S&P was still bounded ...
GBPUSD Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook
Seasonal weaknesses will continue til the end of the year.
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