Recap No breakout. Simply consolidated within Y-1 to Y-0.
Outlook Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the downtrend. So far pressed below Y-0 means at least one more test of Y-1 to B-1 is in play.
The more profitable setup and also less likely – if cable holds above B-0 and start to run up above Y-0 to B+1, we get B+2 and B+3 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
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
The bounce back to B-0 was expected but you cannot predict the time that the governments would take action in the scale like last week. The interesting ...
GBPUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
No breakout. Simply consolidated within Y-1 to Y-0.
Outlook
Y-0 is the resistance area we are looking for a clue for continuation selloff or a break of the downtrend. So far pressed below Y-0 means at least one more test of Y-1 to B-1 is in play.
The more profitable setup and also less likely – if cable holds above B-0 and start to run up above Y-0 to B+1, we get B+2 and B+3 quickly.
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