Recap Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
Lawrence's Comment
Recap
Y-0 not acting as resistance, giving the pair a chance to bottom out at Y-1. Closed the week above midpoint and below Y-0.
Outlook
Clear rejection of Y-1 area ...
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 I pointed out last week, even though Dow is clearly in a pullback correction phase, it will not be an orderly environment. Well, it materialized last week. FOMC ...
GBPUSD Mar 18 to Mar 22 Outlook
Lawrence’s Comment
Flushed below Y-1 and snap back up as expected. Pretty much risk free long since. Zoomed higher until 100% absolute range expansion is completed. Closed the week above Y-0 and midpoint.
Outlook
A good start for reversal but not as strong as I hope for (asking for too much in a week I guess).
Need Y-0 / B-0 to hold and prefer a slow drift down over quick drops. Looking for more upside until B+2 is tagged.
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