Recap Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
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
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
A easy catch of FBO against Y+1 right when 100% absolute range expansion was reached. But there was no meat at all from the resulting drop as the week ...
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 Sep 29 to Oct 03 Outlook
Lawrence’s Comment
Cable reacted strongly to the resistance zone mentioned last week and dropped lower since. Closed the week below Y-0 and at week low.
Outlook
Inside week down close. Bearish for a test of Y-1 / B-2. Longer term target is still the September low but that may take longer tiime to get there.
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