Recap Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
Outlook Spike low below B-1 but above Y-2 / B-2 can spark a rally back up to Y-0.
Lawrence's Comment
Recap
Aussie consolidation around Y+1 in tight range. Closed the week near Y+1 and midpoint.
Outlook
Wait and see mode as Aussie parked at the same level again. Breaking below ...
Some members are concerned that I have forgotten about the forex markets as I am having great time with my Emini trading lately. Don't worry. I have not forgotten ...
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
The breakdown in cable is not a surprise for chart traders given the way it was suppressed at Y-0 / 1.56 area. Breakout target of Y-3 was almost tagged ...
GBPUSD Sep 26 to Sep 30 Outlook
Lawrence’s Comment
Colsolidation around Y-1 until FOMC announcement. Test of 1.31 round # failed and led to equal distance drop down to week low. Closed the week below Y-1 and midpoint.
Outlook
Spike low below B-1 but above Y-2 / B-2 can spark a rally back up to Y-0.
Share