Recap Breaking out of the range to the downside. Retest of Y-1 from below failed to push back into the range. Sold off to Y-2. Closed the week below Y-1.
Outlook A potential strong selloff in the making. As long as B-0 acting as resistance, new low is expected.
Lawrence's Comment
Recap
Sold off from resistance zone mentioned last week. Dropped to Y-3 breakout target as volatility increases. Closed below Y-3 and at week low.
Outlook
Warned last week wild swings are expected ...
Lawrence's Comment
Recap
FBO last week gave us the drop down to near Y-2 until 100% absolute range expansion was tagged. Closed the week below Y-1 and midpoint.
Outlook
Y-2 / 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
GBPUSD Jan 16 to Jan 20 Outlook
Lawrence’s Comment
Breaking out of the range to the downside. Retest of Y-1 from below failed to push back into the range. Sold off to Y-2. Closed the week below Y-1.
Outlook
A potential strong selloff in the making. As long as B-0 acting as resistance, new low is expected.
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