Lawrence's Comment
Recap
Aussie tried to hold Y-1 in tight range and failed. 100% expansion of the tight range tagged. Closed the week below Y-1 and near week low.
Outlook
Ledge break ...
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
Rally all the way back to original resistance underneath Y+1. 1-2-3 sell off from there back to almost Y-1. Closed the week between Y-0 and Y-1.
Outlook
Inside week. ...
GBPUSD Aug 18 to Aug 22 Outlook
Lawrence’s Comment
More weaknesses as expected with Y-0 resistance worked out perfectly. Flushed down to below Y-2 target. Closed the week below Y-2 and midpoint.
Outlook
Cable is simply playing catch up with Euro. Y-1 / B-0 strong resistance zone with Y-4 potential target for sharp bounce back to resistance.
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