Recap Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint.
Outlook 1.50 key psychological level breached. Cable must snap back above B-0 and stay above by close of next week or another wave of liquidation is coming to send cable much lower.
Lawrence's Comment
Recap
Weekly FBO confirmed with a drop back down to Y-2 normal target. Volatility however makes the move more difficult to deal with for many. Closed the week below Y-1 ...
Lawrence's Comment
Recap
As expected, Aussie moved lower to Y-2 and stopped when 100% absolute range expansion was reached. Closed the week near week low and below Y-2.
Outlook
Aussie followed the path of ...
Lawrence's Comment
Recap
I was expecting a retest of Y+1 and possibly a run to Y+2. Well, it turned out to be full blown melt up to Y+3. Then, without ...
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
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of ...
GBPUSD Jan 26 to Jan 30 Outlook
Lawrence’s Comment
Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint.
Outlook
1.50 key psychological level breached. Cable must snap back above B-0 and stay above by close of next week or another wave of liquidation is coming to send cable much lower.
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