Recap As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook 1-2-3 sell on 4 hours points to B-2 and lower. Not necessary a very bearish move just that real buyers have to step in from the support area below B-1 to enable another leg up.
Lawrence's Comment
Recap
Cable followed its peers and dropped. Found support at Y-2 and paused. Closed the week below Y-1 and midpoint.
Outlook
1.50 key psychological level breached. Cable must snap back ...
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
USDCAD Mar 03 to Mar 07 Outlook
Lawrence’s Comment
As expected pullback to Y-0 and stuck in a tight range since. Consolidation around Monday range all week. Closed the week above Y-0 and below midpoint.
Outlook
1-2-3 sell on 4 hours points to B-2 and lower. Not necessary a very bearish move just that real buyers have to step in from the support area below B-1 to enable another leg up.
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