Recap Bullish bias worked out. Cable held Y-0 and pushed higher later in the week. Closed the week above Y+1 and near week high.
Outlook Situation in Greece can affect cable significantly this week. Should Euro fails to hold up, Cable will be one of the currencies where capital will choose to exit to.
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
Aussie held Y-1 and took out Y+1 quickly. This opened the door to Y+2. Y+1 acted as support. Closed the week above Y+1 and midpoint.
Outlook
As I pointed ...
Lawrence's Comment
Recap
Y-1 acted as support for a 1-2-3 buy early in the week sent Aussie up to Y+1. The bullish bias worked out. Oddly, Y+1 simply stopped the move and ...
Lawrence's Comment
Recap
Easy play of the week. Dropped the Y-2 as expected and then produced a double bottom there and bounced back up to make a new high for the week. ...
GBPUSD Feb 16 to Feb 20 Outlook
Lawrence’s Comment
Bullish bias worked out. Cable held Y-0 and pushed higher later in the week. Closed the week above Y+1 and near week high.
Outlook
Situation in Greece can affect cable significantly this week. Should Euro fails to hold up, Cable will be one of the currencies where capital will choose to exit to.
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