Recap As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook 2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
Lawrence's Comment
Recap
Y-0 acted as support sending ninja straight up to Y+2. Rising wedge turned into full blown up channel. Closed the week above Y+1 and midpoint.
Outlook
A pocket at ...
Lawrence's Comment
Recap
NQ bottomed early in the week with Dow and ES but it was not one of the stronger bottoming pattern. Y-0 cleared and then it was a struggle to ...
Lawrence's Comment
Recap
As expected, the weekly downtrend continues. Non-stop selling trapped bottom pickers and flushed to Y-2 downside target. Closed the week near week low.
Outlook
As long as Y-1 acts ...
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 13 to Aug 17 Outlook
Lawrence’s Comment
As expected, another tight range week going nowhere. Closed the week near week high above Y-0.
Outlook
2nd inside week in place. Looking for breakout that sends cable to either B+3 or B-3. Will be patient waiting for either B+1 acting as support or B-1 acting as resistance first.
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