Recap Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint.
Outlook There is no real direction developed from the week. Ukraine situation is now center stage and the development there will dictate the direction of the next move. Not the best envrionment to bet before the dust settled.
Expect cable to be trapped inside the range over the past 3 weeks.
Lawrence's Comment
Recap
As predicted last week, the pair failed to take out the resistance zone and is forced to go lower. The whole week is just 50% of the ...
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
Just like Aussie, Loonie consolidated around Y-1 until Fed announcement. Then Loonie jumped with gold. After Y-3 was tagged strong reaction was resulted. Closed the week at Y-1 and ...
GBPUSD Mar 10 to Mar 14 Outlook
Lawrence’s Comment
Consolidation week. Edged higher above Y+1 but failed to hold above it. Closed the week above Y-0 and near midpoint.
Outlook
There is no real direction developed from the week. Ukraine situation is now center stage and the development there will dictate the direction of the next move. Not the best envrionment to bet before the dust settled.
Expect cable to be trapped inside the range over the past 3 weeks.
Share