Recap Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
Lawrence's Comment
Recap
Consolidation with 50% week range as expected. Failed to consolidate around Y+1 and trapped between Y-0 and Y+1 instead. Closed the week below Y+1 and above midpoint.
Outlook
Gold struggling at ...
Lawrence's Comment
Recap
Rumors / news shocks flying high with inverse head and shoulder formed against Y-1. Upside breakout immediately get us Y+3 target. Closed the week above Y+2 and at weak ...
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
Pullback to Y-0 as expected. Rally from there and printed new high consistent with my bullish bias. Cannot ask for more. Closed the week at week high 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
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 Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
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