Recap 1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above Y+1 and midpoint.
Outlook Potential daily swing low in place for cable. Y-0 / Y+1 whole zone is now support. As long as cable can hold onto its gain above Y-0, it has a good chance of going higher to B+2 and above.
Lawrence's Comment
Recap
Gapped down to our target zone. Then took off and retested Y-0 area. By midweek sold off and broken down below our target zone to close the 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
Euro spent all week struggling around Y-1. An attempt to push higher was stopped by 50% range. Closed the week below Y-0 and above midpoint.
Outlook
Consolidation week near ...
GBPUSD Feb 09 to Feb 13 Outlook
Lawrence’s Comment
1-2-3 rejection of Y-1 on 4 hour sent cable back up to above Y+1. Minimal pullback and another push to Y+2 before cable can stop. Closed the week above Y+1 and midpoint.
Outlook
Potential daily swing low in place for cable. Y-0 / Y+1 whole zone is now support. As long as cable can hold onto its gain above Y-0, it has a good chance of going higher to B+2 and above.
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