Recap Still the best pair to swing trade. Failed to clear Y-0 midweek gave us a low risk ride down to Y-2 target. The nice surprise was that it flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook Down channel selloff overshoot. Cable has now snapped out of the down channel and will be unstable this week. Wild swing back up to Y-2 / B-0 and flush down to Y-4 cannot be ruled out. All this is still within the context of a wild consolidation week around B-1.
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
Held Y-1 in beginning of the week led to a bounce towards Y-0. Failed to reach Y-0 and retested Y-1 as expected. Consolidated around Y-1 since. Closed the week ...
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
NQ gapped down to sell off target right off the start of the week. Long term channel support turned into resistance leading to trend sell all week. Closed the ...
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
Recap of last week As expected, rally in USDJPY continued last week. It failed to tag previous month high, however, making it difficult to tell if it is more ...
GBPUSD Jul 08 to Jul 12 Outlook
Lawrence’s Comment
Still the best pair to swing trade. Failed to clear Y-0 midweek gave us a low risk ride down to Y-2 target. The nice surprise was that it flushed down to Y-3. Closed the week near Y-3 and week low.
Outlook
Down channel selloff overshoot. Cable has now snapped out of the down channel and will be unstable this week. Wild swing back up to Y-2 / B-0 and flush down to Y-4 cannot be ruled out. All this is still within the context of a wild consolidation week around B-1.
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