Lawrence's Comment
Recap
Ninja breakout to the upside right from the beginning of the week. It then drifted higher to above 100 before sold off violently. Closed the week below midpoint 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
Lawrence's Comment
Recap
Inside week consolidation around Y-0. Closed the week below Y-0 and midpoint.
Outlook
The downside retest of Y-1 has not happened yet so it is still in the card ...
GBPUSD Apr 09 to Apr 13 Outlook
Lawrence’s Comment
W. upthrust against Y+1 in beginning of the week set up the pair for a drop to Y-1. Tagged Y-1 and bounced. closed the week near Y-1.
Outlook
The door has opened to the downside. As mentioned last week, Y-2 would be in play once Y-0 failed to act as support. Y-2 in play next week.
Upside potential is very limited unless 1.60 failed to act as resistance.
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