Recap Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed the week near Y-2 and below midpoint.
Outlook Last week from Brexit and liquidity issue will easily swing cable both ways. Only deep pocket style money management can work if you swing play. Better stay on the sideline or go for a vacation until several days after Brexit vote is over.
Lawrence's Comment
Recap
Consolidation around Y+1 as expected. Twice pulling back to Y-0 and failed to tag it. Closed the week below Y+1 and midpoint.
Outlook
If ninja can clear B-0 / Y+1 quickly ...
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
Pullback continued. Y-1 breached yet rallied all the way back to print the high of the week first before stalling back down. Closed the week near Y-1 ...
GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed the week near Y-2 and below midpoint.
Outlook
Last week from Brexit and liquidity issue will easily swing cable both ways. Only deep pocket style money management can work if you swing play. Better stay on the sideline or go for a vacation until several days after Brexit vote is over.
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