Recap Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook Y-0 is still in play and can happen early next week.
Reaction from below Y-0, specifically quick snap back up above B-1 will setup cable to run higher to retest Y+1 / B+1.
Lawrence's Comment
Recap
Made a slightly higher high first and sold off to the support zone mentioned last week. NQ then took off and never look back. Closed near the high ...
Lawrence's Comment
Recap
Y-1 holds gave us a push for Y+1 and above. Consolidation around Y+1 after 100% absolute range expansion. Closed the week above Y+1 and near week high.
Outlook
4 ...
Lawrence's Comment
Recap
Minimal down side target tagged mid week and euro went full breakdown from there. Euro could not stop at all and dropped straight down to Y-4. Closed the week ...
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 Feb 24 to Feb 28 Outlook
Lawrence’s Comment
Spike high followed by strong reaction back down below Y+1. Consolidation play with 50% range as expected. Closed the week above Y-0 and near week low.
Outlook
Y-0 is still in play and can happen early next week.
Reaction from below Y-0, specifically quick snap back up above B-1 will setup cable to run higher to retest Y+1 / B+1.
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