Recap Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around 1.56. Closed the week at midpoint.
Outlook Inside week and closed near midpoint means indecision. Time to wait for a breakout.
Lawrence's Comment
Recap
Finally a flush lower was allowed. Y-2 downside target tagged. Then BOJ + Japanese government came out jawboning ninja into reversal. Closed the week above Y-0 and near 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
Consolidation week at reduced range trapped inside Y-1 to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
BOJ indeed doing what they claimed and no one dares ...
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 Jun 11 to Jun 15 Outlook
Lawrence’s Comment
Early in the week a try to drop resulted in 1-2-3 buy. That in turn forced cable to run back up to where the breakdown started around 1.56. Closed the week at midpoint.
Outlook
Inside week and closed near midpoint means indecision. Time to wait for a breakout.
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