Recap The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the week above B+1.
Outlook If the rumors and b.s. promises die down, cable should pullback to at least B-0 area.
Should more squeeze happens quickly, Y+2 should put a cap on the move and force cable to go sideway or back down by middle of 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
Tight range consolidation although it did not feel like it for many. Dow found support early in the week and moved back to previous week close and stuck there ...
Lawrence's Comment
Recap
Found support at Y-0 / support zone mentioned last week and started a squeeze up to normal Y+2 target. Resistance at Y+2 dropped Aussie back down to previous week ...
GBPUSD Jan 23 to Jan 27 Outlook
Lawrence’s Comment
The power of euro zone b.s. machine gave cable a shock and squeeze. The normal 100% absolute range expansion under such condition happened like clockwork. Closed the week above B+1.
Outlook
If the rumors and b.s. promises die down, cable should pullback to at least B-0 area.
Should more squeeze happens quickly, Y+2 should put a cap on the move and force cable to go sideway or back down by middle of the week.
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