Recap Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to Y+1 quickly. Closed the week above Y+1 and near week high.
Outlook Seasonal up drift continue until FOMC announce this week is likely. This week also marks the end of the seasonal bullish bias.
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
Consolidation within Y-0 and Y-1 as mentioned last week. There was this w. spring against B-1, however, and started the rally with enough power to break above ...
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 Dec 14 to Dec 18 Outlook
Lawrence’s Comment
Cable tried to hold Y-0 yet flushed through. Then the crime scene right below held it up and force cable back above Y-0 and produced a squeeze up to Y+1 quickly. Closed the week above Y+1 and near week high.
Outlook
Seasonal up drift continue until FOMC announce this week is likely. This week also marks the end of the seasonal bullish bias.
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