Recap Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
Lawrence's Comment
Recap
Held Y-0 instead of testing Y-1. Directly go for upside breakout gave us the Y+3 target. Y+3 tagged and pullback since. Closed the week above Y+2 and midpoint.
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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
Lawrence's Comment
Recap
First significant selloff this year. Took multiple try to flush ES yet it only dropped out 100% absolute range expansion and price already bounces back at once. Closed the ...
GBPUSD Mar 02 to Mar 06 Outlook
Lawrence’s Comment
Pushing higher as expected and get near Y+2 before stalling. Closed the week above Y-0 and near midpoint.
Outlook
Signs of exhaustion in the up trend points to potential consolidation or a steep pullback in the making. Latter case requires Y+1 acting as resistance to send cable back down to Y-1 and the all important 1.53 pocket.
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