Recap Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint.
Outlook Brexit not only affects Cable but also all the other majors. No point in predicts which way the markets will react. Time to sit back and enjoy the show.
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
Cable failed to hold Y-1 as expected and dropped to the target zone mentioned last week. It failed to bounce above Y-1, hence the down trend continued until 100% ...
Lawrence's Comment
Recap
Quiet start led to an explosive stop hunt late in the week. 200 pips swing to almost Y+2 / 1.39 before it stopped. Closed the week above Y-0 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
USDCAD Jun 20 to Jun 24 Outlook
Lawrence’s Comment
Support zone mentioned last week worked out well. Upside targets tagged. 100% range expansion led to a mild stop run. Closed the week above Y-0 and below midpoint.
Outlook
Brexit not only affects Cable but also all the other majors. No point in predicts which way the markets will react. Time to sit back and enjoy the show.
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