Lawrence's Comment
Recap
Bearish expectation worked out. 100% range expansion established. Closed the week near Y-2 and midpoint.
Outlook
Brexit breakout play off the wide range of B+1 and B-1. This means ...
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
V-reversal not confirmed by end of week. Range bounded move all week between Y-0 and Y-1. News shock later in the week led to 2-way fade out. 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
GBPUSD Aug 22 to Aug 26 Outlook
Lawrence’s Comment
As expected Cable going higher. Stalled at 100% absolute range expansion. Closed the week from a pullback to Y+1.
Outlook
Rejected Y+1 to B+1 area pointing to further consolidation with Y+1 down to Y-0.
It seems like every major pair is waiting for something to happen before taking on a direction.
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