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
Lawrence's Comment
Recap
Sold off in the beginning of the week, yet the gap from last year acted as strong support. Sellers forced to give up. Rising wedge all week since. Closed ...
Lawrence's Comment
Recap
As expected the pair tagged Y+2 first. Then wild swing in gold price dropped the pair lower. Closed the week between Y+2 to Y+3.
Outlook
Continuation rally to B+2 is ...
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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