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
As mentioned last week - cable was sitting at a tricky area. Instead of a bounce and drop, it simply dropped and cleared 3x previous week range ...
Lawrence's Comment
Recap
Everything changed over the weekend in Europe. Cable found support at Y-1 and forced a test of Y-0. That in turn provided fuel for cable to clear Y-0 gunning ...
GBPUSD Apr 02 to Apr 06 Outlook
Lawrence’s Comment
Got our target Y+2 early in the week. Pullback holding Y-0 giving us a 2nd chance for test and break above Y+2. Closed the week at Y+2.
Outlook
If the uptrend is going to continue, a fast run to B+2 is needed early in the week as the push up is significantly weaker so far.
If B-0 failed to act as support, expecting a quick drop back down to B-2.
Share