Recap The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
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
Wait and see mode last week on euro. Strong breakdown move happened after a deal with Greece failed. Closed the week below Y-1 and near week low.
Outlook
As ...
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 Mar 03 to Mar 07 Outlook
Lawrence’s Comment
The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook
Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
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