Recap Cable held the breakout level nicely and rallied to retest Y+1 as expected. Once Y+1 was tagged cable went into consolidation. Closed the week at Y+1 and above midpoint.
Outlook Potential rounding top in the making. Spike new high that stalls below B+2 back down to below Y+1 will signal a pullback to at least below B-1.
Lawrence's Comment
Recap
Failed to push thru Y-0 early in the week and a landslide started. Y-2 failed to act as support and forced a flush below Y-3. Rally from ...
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
GBPUSD Jun 17 to Jun 21 Outlook
Lawrence’s Comment
Cable held the breakout level nicely and rallied to retest Y+1 as expected. Once Y+1 was tagged cable went into consolidation. Closed the week at Y+1 and above midpoint.
Outlook
Potential rounding top in the making. Spike new high that stalls below B+2 back down to below Y+1 will signal a pullback to at least below B-1.
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