Recap Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
ECB decision swinged euro both ways. Y-1 defended and immediately shot up to Y+2. Closed the week near Y+2 and above midpoint.
Outlook
Shorts are trapped which can in ...
Lawrence's Comment
Recap
Short squeeze on rumors back up to Y-0. Collapsed right after back down to Y-1. Equal distance target below tagged by end of the week off previous week close. ...
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
Minimal pullback and test of Y+1 stopped at 50% range. Closed the week near Y+1 and above midpoint.
Outlook
FBO against B+1 with a quick drop below B-0 will ...
GBPUSD Dec 09 to Dec 13 Outlook
Lawrence’s Comment
Pullback / consolidation all week. Not dropping quite down to support as 50% previous week range capped the move. Closed the week below Y+1 and midpoint.
Outlook
As long as Y+1 / B-0 zone acting as resistance, the pullback has at least a bit more to go down to Y-0 / B-2.
Strong upside breakout above B-0 points to continuation rally upto B+2.
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