Recap Y-1 support helped cable to bounce back up to Y-0. Failed to clear Y-0 Cable droppped back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook Consolidation / inside week points to continuation likely. As long as cable fails to clear Y-0 / B-0 zone from below potential parabolic drop in the making with target below B-3.
Lawrence's Comment
Recap
Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high.
Outlook
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
Tagged our downside target at Y-2 early in the week. Since then it is pure consolidation. The twist came on Friday as various global issues and economic ...
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 Oct 03 to Oct 07 Outlook
Lawrence’s Comment
Y-1 support helped cable to bounce back up to Y-0. Failed to clear Y-0 Cable droppped back down to near Y-1. Closed the week below Y-0 and midpoint.
Outlook
Consolidation / inside week points to continuation likely. As long as cable fails to clear Y-0 / B-0 zone from below potential parabolic drop in the making with target below B-3.
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