Recap More news from euro zone as expected. Move to Y+2 and it capped the up swing as mentioned last week. No surprise there. Closed the week at the high.
Outlook 4-hour double top formation points to retest of B-1 quickly.
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
Y-0 support sent ES up to Y+1 and cleared it easily. This opened the door to Y+2. Y+2 tagged and pullback started. 3 pushes down into Friday and held ...
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 30 to Feb 03 Outlook
Lawrence’s Comment
More news from euro zone as expected. Move to Y+2 and it capped the up swing as mentioned last week. No surprise there. Closed the week at the high.
Outlook
4-hour double top formation points to retest of B-1 quickly.
Otherwise, consolidation at Y+1 to B-0 likely.
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