Recap Bounced off support zone mentioned last week. Tagged upside targets and consolidated since. Closed the week above Y-0 and midpoint.
Outlook As explained last week, a complex pullback is in the making and we got it now. As long as B+1 acting as resistance, a test of B-1 is likely. Once B+1 is cleared, B+2 / Y+2 will be the next upside target.
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
Bullish expectation worked out with gaps above all taken care of. Op ex pinned Dow below 18000 round number at Y-0 maximizing the damage to both calls and puts ...
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
As expected, once 0.98 was breached, there is no real support until we see 0.96 handle. After 100% absolute range expansion, the pair bounced off near Y-3. ...
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 20 to Jul 24 Outlook
Lawrence’s Comment
Bounced off support zone mentioned last week. Tagged upside targets and consolidated since. Closed the week above Y-0 and midpoint.
Outlook
As explained last week, a complex pullback is in the making and we got it now. As long as B+1 acting as resistance, a test of B-1 is likely. Once B+1 is cleared, B+2 / Y+2 will be the next upside target.
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