Recap Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 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
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
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
A drop to Y-2 before NQ can stop, checked. A squeeze back up to Y-0, checked. NQ was the well behaving one last week. Post FOMC swing up to ...
GBPUSD Apr 18 to Apr 22 Outlook
Lawrence’s Comment
Previous week close support sent cable up to test Y-1. Y-1 resistance dropped this back down to week low / 1.41 round number. Closed the week above Y-0 and near midpoint.
Outlook
Potential swing bottom in the making as we are getting close to Brexit event. Clean breakout above Y+1 / B+1 points to B+2 and B+3 in play.
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