Recap Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below Y-0 and midpoint.
Outlook Inside week with weak close points to more weaknesses. Y-0 / B-0 confirmed resistance until proven otherwise. Breaking below B-1 points to Y-3 break down potential.
Lawrence's Comment
Recap
Note: Somehow the post for last week is missing from the database.
Consolidation week at 50% previous week range. Closed the week near Y-0 and below midpoint.
Outlook
3rd week ...
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
The breakout upside trade we were looking for happened exactly as expected. Closed the week above Y+2 as well.
Outlook
A pullback to Y+1 is possible but not necessary. ...
GBPUSD Mar 28 to Apr 01 Outlook
Lawrence’s Comment
Resistance zone pressured cable back down to Y-0 and below as expected. In turn stop run took it all the way back down to Y-1. Closed the week below Y-0 and midpoint.
Outlook
Inside week with weak close points to more weaknesses. Y-0 / B-0 confirmed resistance until proven otherwise. Breaking below B-1 points to Y-3 break down potential.
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