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
Tight range choppy mess as expected and the projected move to near 120 happened twice. Closed the week above Y+1 and midpoint.
Outlook
The BOJ intention is clear, they ...
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 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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