Recap Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook 2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is likely.
Lawrence's Comment
Recap
Dow gapped down to longer term critical support level and rallied from there since. Although Dow has tried hard to push higher it did not get Y-0 at 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
Lawrence's Comment
Recap
Dropped to downside target as expected. Consolidation since. Closed the week below Y-1 and near midpoint.
Outlook
The selloff down to Y-2 is just normal reaction to the spike reversal from ...
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 15 to Oct 19 Outlook
Lawrence’s Comment
Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook
2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is likely.
Share