Recap Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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
Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint.
Outlook
Wait and see mode as Aussie parked at the same level again. Breaking below ...
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 19 to May 23 Outlook
Lawrence’s Comment
Easy play of the week. Stopped at resistance mentioned last week and flushed down to Y-2 1st target below. Closed the week below Y-1 and near midpoint.
Outlook
As long as Y-1 / B-0 acting as resistance, retest of B-1 likely.
A break of B-1 will give us another clean flush to B-2.
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