Lawrence's Comment
Recap
Y-0 resistance gave us continuation sell down to 100% absolute range expansion target. Went sideline since. Closed the week near Y-1 and below midpoint.
Outlook
B-0 / 1.42 strong ...
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
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 Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Stayed weak and sold off down to Y-2 my downside target. Closed the week near week low and above Y-2.
Outlook
Slow structured selling do not last but it is not the time to pick bottom yet.
until Cable snap out of the down channel first, it is easy for the pair to continue the move down to B-2 / Y-3.
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