Recap Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below Y-0 and midpoint.
Outlook Brexit countdown. News shocks should be expected everyday. Compression around the current level with long tails at both ends likely.
Lawrence's Comment
Recap
Indecision carried over to this week - attempt to breakout of the range to the upside failed badly and dropped back to Y-0 before a bounce to ...
Lawrence's Comment
Recap
As expected, Cable has more upside to go and that played out last week. A directional squeeze up to Y+2 near 1.7 finally produced an exhaustion. Cable weaken since ...
Lawrence's Comment
Recap
Tried to bottom out at 1.0 and failed. Closed the week below 1.0 and at the low of the week.
Outlook
As mentioned last week, loonie is sitting at ...
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
Lawrence's Comment
Recap
The consolidation to close midpoint the week prior to last week pointed to a retest of Y+1 and that happened right at the beginning of last week. Formed ...
GBPUSD Jun 06 to Jun 10 Outlook
Lawrence’s Comment
Sudden reversal as expected. Breaking below Y-0 gave us Y-1. 100% absolute range expansion stopped the drop and another sudden reversal by US NFP report. Closed the week below Y-0 and midpoint.
Outlook
Brexit countdown. News shocks should be expected everyday. Compression around the current level with long tails at both ends likely.
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