Recap Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint.
Outlook Compression points to breakout mode. The struggle to hold Y-0 points to potential resumption of the weekly down trend in the making. Breaking below B-1 points to B-2 and waterfall to B-3.
Lawrence's Comment
Recap
Was looking for a down move and we got it. Seasonal bias gave us the strong swing down til Thursday. Closed the week below Y-1 and midpoint.
Outlook
The seasonal bearish ...
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
Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the ...
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
Cable bear flag pushed right into the resistance zone mentioned last week. Bear flag broken to the down side and gave us a clean slide to below Y-2 normal ...
GBPUSD Feb 15 to Feb 19 Outlook
Lawrence’s Comment
Tight range 2-way swings as expected. 50% week range. Closed the week near Y-0 and midpoint.
Outlook
Compression points to breakout mode. The struggle to hold Y-0 points to potential resumption of the weekly down trend in the making. Breaking below B-1 points to B-2 and waterfall to B-3.
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