Recap Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
Lawrence's Comment
Recap
Consolidated around previous week close for 2 days and then took off. After new high above Y+1 pullback to previous week close. Closed the week above Y+1 and midpoint.
Outlook
1.08 ...
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
Gap higher tested the resistance zone as expected. Sold off from there giving us Y-0 and below. That opened the door to Y-1 as Y+1 became solid resistance. Sold ...
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
Aussie broke out to the upside tagging Y+2 but failed to hold above Y+1. That opened the door to Y-1 due to the violent FBO. Y-1 tagged next. Closed ...
GBPUSD Jul 04 to Jul 08 Outlook
Lawrence’s Comment
Tight range consolidation around Y-1. Political drama affecting cable all week. Closed the week near Y-1 and midpoint.
Outlook
Sideway action after directional drop points to more downside. Until we see strong reaction to major support levels below, trend is still down with B-3 in play.
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