Lawrence's Comment
Recap
Keep drifting higher most of the week. Due to holiday week, 50% previous week range around Y+1 bounded the price actions. Closed the week near week low ...
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
See comments on Dow on how a tricky bottom was formed. That produced a short term 3 pushes low pointing to gap fill above that is mostly completed ...
Lawrence's Comment
Recap
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below ...
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
GBPUSD Jan 28 to Feb 01 Outlook
Lawrence’s Comment
As expected a bit more downside and then consolidation. Spent most part of the week below Y-1. Closed the week below Y-1 and midpoint.
Outlook
Normal situation we should see a flush to B-3 to complete this leg down.
The rare case scenario is that cable jumped above B+1. That will induce a quick pop to Y-0.
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