Recap FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where the last flush started. Closed the week above Y-0 and near week high.
Outlook Thin up channel all week. Such formation do not last. A pullback to Y-0 / B-0 is normal and likely.
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 31 to Apr 04 Outlook
Lawrence’s Comment
FBO against Y-1 gave us Y-0 test. Y-0 could not stop cable from going higher and turned into stop run. Cable essentially moved back to the crime scene where the last flush started. Closed the week above Y-0 and near week high.
Outlook
Thin up channel all week. Such formation do not last. A pullback to Y-0 / B-0 is normal and likely.
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