Recap The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook As long as B-0 acts as support, looking for B+2 to be tagged.
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
Aussie spiked below Y-1 and snapped back up above without tagging Y-2 first. Y-1 turned into support sending Aussie back up to Y-0. Closed the week below Y-0 and ...
GBPUSD Mar 21 to Mar 25 Outlook
Lawrence’s Comment
The resistance zone mentioned last week worked out as expected and a retest of Y-1 happened. However there was no breach of that important low and a bottom was developed with a 1-2-3 buy created from the G7 intervention. Closed the week at the high.
Outlook
As long as B-0 acts as support, looking for B+2 to be tagged.
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