Recap The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the week above B+1.
Outlook If the rumors and b.s. promises die down, cable should pullback to at least B-0 area.
Should more squeeze happens quickly, Y+2 should put a cap on the move and force cable to go sideway or back down by middle of the week.
Lawrence's Comment
Recap
W. upthrust against Y+1 in beginning of the week set up the pair for a drop to Y-1. Tagged Y-1 and bounced. closed the week near Y-1.
Outlook
The ...
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 no strong directional move with Y-1 and Y-0 boundaries pretty much trapped the price actions all week. NFP led to the sudden swing breaking below Y-1 but ...
Lawrence's Comment
Recap
As expected, there was no directional play last week. Dow was trapped inside Y+1 and Y-1. Easy 2-way plays every other day. Closed the week near Y-0 and below ...
GBPUSD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the week above B+1.
Outlook
If the rumors and b.s. promises die down, cable should pullback to at least B-0 area.
Should more squeeze happens quickly, Y+2 should put a cap on the move and force cable to go sideway or back down by middle of the week.
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