Lawrence's Comment
Recap
Cable pressed at Y-1 in the beginning of the week and then collapsed on news. This staged a 100% expansion move to the downside. Cable tagged 100% absolute range ...
Lawrence's Comment
Recap
Stayed strong since beginning of the week and zoomed to almost tagging my target of Y+2. Closed the week near Y+1 and midpoint.
Outlook
Last week was a variation of consolidation ...
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
Avoided Y-1 in beginning of the week and rallied all the way to almost Y+1. Clean 1-2-3 sell from there gave us the breakout trade I mentioned ...
GBPUSD May 09 to May 13 Outlook
Lawrence’s Comment
Y+1 acted as resistance, and the less likely scenario worked out perfectly. Free ride from above Y-0 down to Y-1. Closed the week below Y-1.
Outlook
Tagging Y-2 early in the week will point to further weaknesses as long as Y-1 to B-0 acts as resistance.
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