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.
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
Feb close acted as resistance and selloff to fill gap below. That was the play mentioned last week. But it was all we got from the formation. ...
Lawrence's Comment
Recap
Did not breach Y+1 in the beginning of the week and a sharp selloff from there as expected. Cleared Y-0 but failed to go much lower. The ...
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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