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
Dow elected to go higher and cleared the neckline as mentioned last week. This led to short squueze action as predicted by custom breadth forecast. Closed the week above ...
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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