Recap Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target of Y+2 tagged. Closed the week above Y+1 and midpoint.
Outlook Daily down trend broken but new up trend not established yet. So 2-way play until a new trend emerges from this. B+1 resistance points to a test of B-0 likely.
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
Last Week Recap Mini DT led to a quick selloff to month midpoint (the usual stop point for sudden moves, btw). Then staged a 1-2-3 buy, and tagged minimal ...
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
Breakout mode triggered to the downside. Y-3 tagged quickly and extended to Y-4 (also first week of month midpoint) before a bounce. Closed the week above midpoint.
Outlook
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
GBPUSD Jun 15 to Jun 19 Outlook
Lawrence’s Comment
Y-1 / Y-0 zone defended early in the week points to a test of Y+1 coming. Y+1 cleared with ease and ended the daily down trend. Normal upside target of Y+2 tagged. Closed the week above Y+1 and midpoint.
Outlook
Daily down trend broken but new up trend not established yet. So 2-way play until a new trend emerges from this. B+1 resistance points to a test of B-0 likely.
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