Recap The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0.
Outlook As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means the continuation move to the downside will be strong enough to take out B-2 easily.
Lawrence's Comment
Recap
Dow gapped up right into the strong resistance zone mentioned last week. Selling just pile on and sent Dow back down to Y-1 as expected. The reaction there was ...
Lawrence's Comment
Recap
Completely trapped within the month range, aussie just slide from the resistance to its support and bounce back to the resistance zone by close of the week.
Outlook
The ...
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
No time wasted on further compression. The pair simply break the lower boundary in 1 go. Not quite make it to Y-3. First bounce failed to push back up ...
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 23 to May 27 Outlook
Lawrence’s Comment
The consolidation scenario unfolded. Whole week trapped within Y-1 to Y-0.
Outlook
As long as B+1 to Y-0 acts as resistance, B-1 will be retested. The week long consolidation means the continuation move to the downside will be strong enough to take out B-2 easily.
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