Lawrence's Comment
Recap
No quick drop and bounce. Just slow motion selloff all the way. Paused at Y-2 but failed to bounce at all. Ended the week after tagging Y-3 and ...
For more information about this report please refer to the Market Bias Informant page
Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time schedule
Lawrence's Comment
Recap
As expected cable dropped to Y-2. It bounced back above Y-1 right after forcing a push back to above Y-0. Closed the week near Y-0.
Outlook
Below 1.6 is rejected. ...
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 22 to Aug 26 Outlook
Lawrence’s Comment
As expected Cable going higher. Stalled at 100% absolute range expansion. Closed the week from a pullback to Y+1.
Outlook
Rejected Y+1 to B+1 area pointing to further consolidation with Y+1 down to Y-0.
It seems like every major pair is waiting for something to happen before taking on a direction.
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