Recap Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since then sent cable back up to where the spike reversal started. Closed the week above Y-0 and midpoint.
Outlook B+1 / Y+1 strong resistance until proven otherwise. 2 weeks trapped within the wild range week is giving us a whiplash play if spike reversal against Y+1 happens again. The target for the setup will be Y-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
Y-0 acted as resistance and down trend continue as expected. Closed the week at Y-1.
Outlook
Interesting turning point in the making if the pair can jump up to ...
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
GBPUSD Nov 02 to Nov 06 Outlook
Lawrence’s Comment
Resistance zone mentioned last week sent cable to new low against Y-1. 3 Pushes Down enabled cable to stage a come back to Y-0 crime scene. Stop hunt since then sent cable back up to where the spike reversal started. Closed the week above Y-0 and midpoint.
Outlook
B+1 / Y+1 strong resistance until proven otherwise. 2 weeks trapped within the wild range week is giving us a whiplash play if spike reversal against Y+1 happens again. The target for the setup will be Y-2.
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