Recap Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 on daily basis, we cannot rule out a drop back down to B-0 first.
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
NQ was the index out of the three that played nice as it followed the normal consolidation behaviour instead of charging higher. Closed the week below Y+1 and above ...
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 May 11 to May 15 Outlook
Lawrence’s Comment
Election week started with Y-1 holding up fine, which opened the door to Y-0 and the election results propelled cable back up to Y+1. Closed the week above Y-0 and midpoint.
Outlook
Outside week strong close within previous week range means Y+1 is not invalidated yet. Until Cable can close above Y+1 on daily basis, we cannot rule out a drop back down to B-0 first.
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