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 above B-0 and stay above by close of next week or another wave of liquidation is coming to send cable much lower.
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 Jan 26 to Jan 30 Outlook
Lawrence’s Comment
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 above B-0 and stay above by close of next week or another wave of liquidation is coming to send cable much lower.
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