Lawrence's Comment
Recap
Pullback stopped right at Y-0. Rallied above Y+1 yet failed to hold above Y+1. Normally we get a drop to Y-1 but again it was not a normal week. ...
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
As mentioned last week, cable has little room for pullback if it is really going higher. Well, the bullish pattern gave cable enough strength to consolidate around Y-0. Closed ...
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 13 to Apr 17 Outlook
Lawrence’s Comment
Beautiful whiplash action as expected against Y+1 first and than dropping cable down to my target at Y-2. Closed the week near Y-2 and week low.
Outlook
Momentum to the down side is too strong for B-1 to hold. Y-1 now strong resistance until proven otherwise. More downside is expected.
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