Recap Slow pullback to the support zone as expected. Still my all time favorite!
Outlook For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
Lawrence's Comment
Recap
Dow moved back to 18000 before its wild swings lower. All week gaps not filled and price actions going wild. Closed the week above Y-2 and below midpoint.
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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 May 07 to May 11 Outlook
Lawrence’s Comment
Slow pullback to the support zone as expected. Still my all time favorite!
Outlook
For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
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