Recap Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
Lawrence's Comment
Recap
Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at ...
Lawrence's Comment
Recap
Held near Y+1 and previous week close to stage a trap for the bears. That was enough to cause a short squeeze up to my upside target zone. Bulls ...
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
Did not even push higher in the beginning of the week. Sold off slowly all the way back down to almost where the breakout started. Closed the week near ...
Lawrence's Comment
Recap
The rare scenario unfolded. Gapped to Y+2 indeed. And stuck there since.
Outlook
Breakout mode.
Breaking below previous week low points to gap fill target at previous year close.
Breaking ...
GBPUSD May 28 to Jun 01 Outlook
Lawrence’s Comment
Consolidation around Y-1 and 50% range of the week before. Closed near the week low.
Outlook
No clear swing formation to lean on. Even last week I can tell that you cannot bet on the long side. This week cable is sitting at a dangerous zone where it can swing violently.
Will be difficult and I will stay away from the pair this week.
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