Recap Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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
Cable trapped within previous week range all week. Not even FOMC announcement can push it out of the range. Closed the week above Y-0 and midpoint.
Outlook
Hourly inverse ...
Lawrence's Comment
Recap
The expected messy drift towards our resistance zone covered most part of the week. Once the resistance zone was tagged, a quick selloff took the pair back down ...
Lawrence's Comment
Recap
Avoided Euro last week and the sudden wild intraday swings last week prove the point. Closed the week below Y-0 and above midpoint.
Outlook
Y-0 / B+1 strong resistance ...
GBPUSD Mar 23 to Mar 27 Outlook
Lawrence’s Comment
Cable reversed its down trend from exactly the level I mentioned last week and zoomed to Y+1. Very strong reaction to Y+1 bringing cable back down to Y-1. Closed the week above Y-0 and midpoint.
Outlook
Short term low in place but not in daily up trend yet. This implies consolidation with messy swings inside this week’s range.
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