Recap A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can’t ask for more. Closed the week below Y-0 and midpoint.
Outlook Inside week. Y-0 and B-0 near each other. Breakout mode in place.
Until Y+1 or Y-1 is breached, there will be no directional play.
It may take more than a few tries at the boundaries before they are finally breached.
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
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
Whole week has been a struggle to find direction. At the end of the week although there is a selloff it did not drop to Y-1 implying hidden ...
GBPUSD Feb 03 to Feb 07 Outlook
Lawrence’s Comment
A perfect consolidation week. Drifted up to resistance mentioned last week and then dropped down to support. Can’t ask for more. Closed the week below Y-0 and midpoint.
Outlook
Inside week. Y-0 and B-0 near each other. Breakout mode in place.
Until Y+1 or Y-1 is breached, there will be no directional play.
It may take more than a few tries at the boundaries before they are finally breached.
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