Recap As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.
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
Gap zone tested and failed to fill the gap. Price breakdown to Y-2. Bounced back to Y-1. Then 100% absolute range expansion to the downside stopped the drop. ...
Lawrence's Comment
Recap
Aussie followed its peers broken the daily down trend against USD. Closed the week above Y+1 and midpoint.
Outlook
To start a new up trend on daily against US ...
Lawrence's Comment
Recap
Failed to take out Y+1, forming double top early in the week and started a selloff. Closed the week near week low.
Outlook
FBO to the upside on weekly. Y-2 ...
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 Jan 12 to Jan 16 Outlook
Lawrence’s Comment
As expected more downside to Y-2 before a bounce. Failed to clear Y-1 leading to extended slide down to Y-3 normal expansion target. Closed the week below Y-2 and midpoint.
Outlook
A retest of B-1 likely. Failure to hold there will drop cable to B-2. Support at B-1 will lead to a bounce back up to B+1.
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