Recap Slow pullback to the support zone as expected. Still my all time favorite!
Outlook For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
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
Lawrence's Comment
Recap
Drifted back up to Y-0 as expected. Sideway actions since. Closed the week below Y-0 and near week low.
Outlook
The expectation of retesting Y-1 is still in play. ...
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 May 07 to May 11 Outlook
Lawrence’s Comment
Slow pullback to the support zone as expected. Still my all time favorite!
Outlook
For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
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