Recap Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook Consistent with euro, signs that the strength in USD is building up. Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
Lawrence's Comment
Recap
Y-0 resistance dropped ES down to 100% range expansion target and spike reversal from there thanks to rumors about Greece. Then ES tested previous resistance zone and collapse right ...
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
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 05 to Mar 09 Outlook
Lawrence’s Comment
Went higher as expected, but only half way through 1-2-3 sell was formed sending cable back down. Closed the week above Y-0.
Outlook
Consistent with euro, signs that the strength in USD is building up.
Maybe, relative value of different brands of toilet paper actually matters.
The weaknesses should carry to next week.
As long as Y+1 stays as resistance, Y-1 is in play.
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