Lawrence's Comment
Recap
Continuation drop turned into falling wedge and bottom out. Reversal forced a test of the crime scene of the breakdown. Closed the week below Y-1 and midpoint.
Outlook
B-1 ...
Lawrence's Comment
Recap
Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook
Inside week down close. Bearish ...
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
ES flushed down to the downside target area and bounced quickly back up to above Y-1. That staged the rally back up to challenge the open gap above. Closed ...
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 Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Stayed weak and sold off down to Y-2 my downside target. Closed the week near week low and above Y-2.
Outlook
Slow structured selling do not last but it is not the time to pick bottom yet.
until Cable snap out of the down channel first, it is easy for the pair to continue the move down to B-2 / Y-3.
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