Recap Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
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
Cleared Y+1 early in the week and zoomed higher to tag Y+2. Failed to clear that and stalled quickly back down to near Y-1. Closed the week above Y-0 ...
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 Apr 25 to Apr 29 Outlook
Lawrence’s Comment
Y-1 breached early in the week as expected. But it turns into a w. spring against Y-1 and rally to the natural target Y+1. Broke above Y+1, the pair finally stopped at 200% absolute expansion and closed the week at Y+2.
Outlook
Consolidation within Y+1 and B+1.
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