Recap Did not tag the upside target after the expected consolidation in the first half of the week (disappointed). Breaking below the week low in mid-week however gave us the measured target of B-0. Still the easiest pair to trade.
Outlook The uptrend is intact. Still looking for B+1 and then B+2 to be tagged soon.
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 expected, ninja started weak and failed to clear even Y-1. That opened the door to Y-3. Flushed down to Y-3 and bounced. Closed the week below Y-1 and ...
Lawrence's Comment
Recap
Behaved like euro, cable simply failed to hold Y-1 and dropped to below Y-2 and stopped when 100% absolute range expansion was completed. Closed the week at ...
Lawrence's Comment
Recap
Strongest among the 3 indices, NQ consolidated between Y-0 and Y-1. NQ also formed a rare down side triangle with potential up side breakout by the end of the ...
GBPUSD Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Did not tag the upside target after the expected consolidation in the first half of the week (disappointed). Breaking below the week low in mid-week however gave us the measured target of B-0. Still the easiest pair to trade.
Outlook
The uptrend is intact. Still looking for B+1 and then B+2 to be tagged soon.
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