Lawrence's Comment
Recap
Got Y+1 target right from the start. Then failed to stay above Y+1 and induced a flush back down to fill the gap and tag Y-0. The flush continued ...
Lawrence's Comment
Recap
The more likely case of sell off materialized. The sell off, however, stopped at 100% absolute range expansion by end of week.
Outlook
The selloff stopped above Y-1 is likely ...
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
GBPUSD Mar 24 to Mar 28 Outlook
Lawrence’s Comment
Y-0 acted as support, breakout to the downside. Y-2 tagged late in the week. Closed the week near Y-2 and week low.
Outlook
Weaknesses continue as expected but not as weak as I hope for. Should see Y-3 early this week to tag the downside objective.
The more interesting question is whether cable will find support around B-2 and stage a strong bounce from there.
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