Recap More news from euro zone as expected. Move to Y+2 and it capped the up swing as mentioned last week. No surprise there. Closed the week at the high.
Outlook 4-hour double top formation points to retest of B-1 quickly.
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
ContentReviewEuro Searching for a BottomS&P Correction Over?Gold Complex Top in the MakingBitcoin Survived10-Year Note Yield Target ReachedBig Picture SummaryReviewEuro trying hard to hold the channel expansion target with extreme swings ...
Lawrence's Comment
Recap
Bullish bias worked out. Cable held Y-0 and pushed higher later in the week. Closed the week above Y+1 and near week high.
Outlook
Situation in Greece can affect ...
Recap of last week 4 trading days, 3 gaps. Most people would assume it is light volume trading thus the market was directionless and choppy. That was not true. ...
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 30 to Feb 03 Outlook
Lawrence’s Comment
More news from euro zone as expected. Move to Y+2 and it capped the up swing as mentioned last week. No surprise there. Closed the week at the high.
Outlook
4-hour double top formation points to retest of B-1 quickly.
Otherwise, consolidation at Y+1 to B-0 likely.
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