Recap The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
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
Unlike Dow, no strong pullback registered. As expected, NQ is the strongest of the 3 indices hence it consolidated around Y+1 area. Closed the week near 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 Mar 03 to Mar 07 Outlook
Lawrence’s Comment
The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook
Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
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