Recap Bounced off support zone mentioned last week. Tagged upside targets and consolidated since. Closed the week above Y-0 and midpoint.
Outlook As explained last week, a complex pullback is in the making and we got it now. As long as B+1 acting as resistance, a test of B-1 is likely. Once B+1 is cleared, B+2 / Y+2 will be the next upside target.
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
Expectation of very strong reaction materialized. Previous week close acted as support and sparked a strong push of 200% absolute range expansion to the upside. Closed the week above ...
Lawrence's Comment
Recap
The pullback I was looking for happened. Dropped all the way to B-1 as well. The news shock from Euro zone on Friday (Yes, Friday again!) forced ...
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 20 to Jul 24 Outlook
Lawrence’s Comment
Bounced off support zone mentioned last week. Tagged upside targets and consolidated since. Closed the week above Y-0 and midpoint.
Outlook
As explained last week, a complex pullback is in the making and we got it now. As long as B+1 acting as resistance, a test of B-1 is likely. Once B+1 is cleared, B+2 / Y+2 will be the next upside target.
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