Recap Rally as expected. Ended mid way from our 2 upside targets. Tight range and closed the week above midpoint.
Outlook Potential 3 pushes up. A break below B-1 will confirm and that will put Y-0 / B-2 in play. Not much room for the short bias so not a good setup to jump on board.
The less likely scenario of a quick breakout to the upside above B+1, however, points to Y+3 / B+3 which is more tradable.
ContentReviewEuro Is StuckS&P Monthly STOPD Dynamics in ControlGold Is Stuck TooBitcoin Weekly Down Trend Resumes10-Year Note Yield Wait and See at SupportBig Picture SummaryReviewEuro consolidated within the up channel as ...
Lawrence's Comment
Recap
The less likely scenario presented itself - w. upthrust against Y+1 leading to a quick selloff to Y-1. Flushed thru Y-1 but not quite Y-2 and closed ...
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 holding previous week close early in the week started a breakout until 100% absolute range expansion is reached. Closed the week near Y+2 and above midpoint.
Outlook
This ...
GBPUSD Aug 01 to Aug 05 Outlook
Lawrence’s Comment
Rally as expected. Ended mid way from our 2 upside targets. Tight range and closed the week above midpoint.
Outlook
Potential 3 pushes up. A break below B-1 will confirm and that will put Y-0 / B-2 in play. Not much room for the short bias so not a good setup to jump on board.
The less likely scenario of a quick breakout to the upside above B+1, however, points to Y+3 / B+3 which is more tradable.
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