Recap Seasonal bearish bias kicked in at the right time and played out nicely into year end. Closed the week near Y-2 and week low.
Outlook Complicated situation as last week of the year does not have enough players expressing their opinions. Wait and see mode this first week of the week for directional clues.
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
Forex majors has a very consistent characteristics across them all. Namely, the likelihood of tagging the midpoint of a week in the week right after. The overall statistics across all ...
Lawrence's Comment
Recap
Y+1 did not act as resistance. Euro simply zoomed thru it and that it turns into support. That gave us Y+2 and above as target. Euro zoomed higher above ...
GBPUSD Jan 04 to Jan 08 Outlook
Lawrence’s Comment
Seasonal bearish bias kicked in at the right time and played out nicely into year end. Closed the week near Y-2 and week low.
Outlook
Complicated situation as last week of the year does not have enough players expressing their opinions. Wait and see mode this first week of the week for directional clues.
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