Lawrence's Comment
Recap
Y+1 test rejected. Cable slided back down to Y-0 eventually.Closed the week below Y-0 and near week low.
Outlook
Upside rejected decisively. Y-0 / B-0 strong resistance unti proven ...
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
Higher low was made with a drift up until 100% absolute range reached. Closed the week near Y+1 and above midpoint.
Outlook
Instead of forming a good bottom, ninja was forced ...
GBPUSD Jul 06 to Jul 10 Outlook
Lawrence’s Comment
Spike and ledge with resistance at Y-0 worked out to the downside. Y-2 acted as support. Closed the week near Y-2 and week low.
Outlook
More downside is expected with B-0 / Y-1 strong resistance.
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