Recap My bearish bias is proven correct and B-2 was tagged. Closed the week below Y-2 and at week low.
Outlook Again, back to 1.59 support zone. A decision has to be made by the players here. A quick rally back above 1.60 will induce a jump back up to B+2. As long as B-0 / Y-1 acting as resistance, B-2 in play.
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 consolidation below the resistance zone. Instead zoomed thru and triggered Y+2 target. Tagged that by end of week. Closed the week below Y+2 and near week high.
Outlook
The accelerated ...
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
As expected, ninja retested Y-1. Yet, it failed to hold above Y+1 as support, leading to retest of Y-0 / previous week close. Consolidated since. Closed the week below ...
GBPUSD Nov 12 to Nov 16 Outlook
Lawrence’s Comment
My bearish bias is proven correct and B-2 was tagged. Closed the week below Y-2 and at week low.
Outlook
Again, back to 1.59 support zone. A decision has to be made by the players here. A quick rally back above 1.60 will induce a jump back up to B+2. As long as B-0 / Y-1 acting as resistance, B-2 in play.
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