Recap Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and below midpoint.
Outlook BOJ’s action is causing a shock and it will take a few days before the majors can find the right responses.
Chart pattern suggests that B-0 resistance with Y-3 / B-2 still in play.
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
Was looking for further downside and we got that. Not quite tagging Y-3 as Dow stopped going lower when it reached 100% absolute range expansion. V-shape reversal since and ...
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
GBPUSD Nov 03 to Nov 07 Outlook
Lawrence’s Comment
Y+1 rejected with a clean drop below Y-1. End of week shock from BOJ stopped the downward move somehow without expanding to Y-2. Closed the week near Y-1 and below midpoint.
Outlook
BOJ’s action is causing a shock and it will take a few days before the majors can find the right responses.
Chart pattern suggests that B-0 resistance with Y-3 / B-2 still in play.
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