Recap As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to 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
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
As expected, the pullbacks are buying opportunities. Quiet week overall all during this holiday season. Closed the week above midpoint.
Outlook
3rd week with tighten range although higher high and ...
GBPUSD Jan 12 to Jan 16 Outlook
Lawrence’s Comment
As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook
A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.
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