Recap Held upside breakout crime scene and took off from there. 100% absolute range expansion capped the move. Pullback to midpoint since. Closed the week above Y-0 and near midpoint.
Outlook Brexit in effect. Even though potential up channel in the making things can change in a heart beat. B-0 turning into resistance will lead to return back down to Y-0 / B-1.
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
Open below Y-1 and flushed down to Y-2 target. Bounced off at once. Measured move back to Y-0 and failed to go higher. That staged the week low as ...
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
News shock over weekend helped Dow to open above Y-0 which ignited a squeeze to the crime scene where the previous breakdown started. Bad news hit the next day ...
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 30 to Jun 03 Outlook
Lawrence’s Comment
Held upside breakout crime scene and took off from there. 100% absolute range expansion capped the move. Pullback to midpoint since. Closed the week above Y-0 and near midpoint.
Outlook
Brexit in effect. Even though potential up channel in the making things can change in a heart beat. B-0 turning into resistance will lead to return back down to Y-0 / B-1.
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