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
Sold off hard after a failed attempt to fill the gap above early in the week. Closed the week near the low and well below Y-1.
Outlook
Out of ...
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 Aug 29 to Sep 02 Outlook
Lawrence’s Comment
As expected drop down to B-1 area. 100% absolute range expansion completed. Closed the week near midpoint.
Outlook
The spike low against Y-1 means support is found at that level. A retest of Y-1 down to B-1 will setup a powerful long formation.
Breaking below B-1 will give us a quick slide down to B-2.
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