Recap My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and Y-1.
Outlook Downside target rejected. Closing above Y-1 gives players an excuse to push cable higher to at least Y-0.
No strong bias this week to lean on from chart pattern. No strong stats supporting a move to either Y-0 and Y-2.
Lawrence's Comment
Recap
ES is not as bullish as Dow but not as weak as NQ either. As mentioned last week, once ES getting close to one side of the ...
Lawrence's Comment
Recap
Pulled back to Y-0 early in the week and started climbing back up. Closed the week below Y+1.
Outlook
Clearly the weekly price levels are not honoured last week. ...
Lawrence's Comment
Recap
Gap open in the beginning of the week resulted in spike and ledge selloff. Held Y-0 support perfectly (too perfect?!) and staged a short squeeze to new ...
Lawrence's Comment
Recap
Bull flag pullback follow with test of Y+1. Strong reaction against Y+1 yet holding the bull flag resistance / channel top. Closed the week near Y+1 and above midpoint.
...
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
GBPUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and Y-1.
Outlook
Downside target rejected. Closing above Y-1 gives players an excuse to push cable higher to at least Y-0.
No strong bias this week to lean on from chart pattern. No strong stats supporting a move to either Y-0 and Y-2.
Share