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.
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
3 pushes up into Y+2 resistance, signalled clean drop to Y-1. Got the drop and found support. ES bounced back up after news about Ukraine was fed out at ...
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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