Recap Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
Lawrence's Comment
Recap
Did not expect BOJ's sudden announcement but the chart told us that it did not want to drop. The footprint of those who knows staring at us with not ...
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
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 Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook
Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
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