Recap Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.
Outlook Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback to Y-2 / B-0 will be in play.
Lawrence's Comment
Recap
Y-0 support gave us the run to Y+2 as expected. 3 pushes up against Y+2 produced the drop back down to Y+1. Closed the week above Y-0 and below ...
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
Another one played out as expected. Bounce from Y-0 was weak and as expected could not even get close to Y+1. Sold off down to near Y-1 and bounced. ...
Lawrence's Comment
Recap
Wild swings continues as expected. Dow flushed pretty much straight down after failing to clear Y-0. 150% range expansion stopped the drop and gave us a bounce beyond majority ...
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 Jan 18 to Jan 22 Outlook
Lawrence’s Comment
Monthly level weaknesses continues. Attempt to clear Y-0 failed leading to selloff down to Y-3 normal target. Closed the week near Y-3 and week low.
Outlook
Short term support at round number 1.45. Potential consolidation around B-1. If flush down without tagging B-2 and snap back up quickly above B-1, a pullback to Y-2 / B-0 will be in play.
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