Recap Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed the week near Y-2 and below midpoint.
Outlook Last week from Brexit and liquidity issue will easily swing cable both ways. Only deep pocket style money management can work if you swing play. Better stay on the sideline or go for a vacation until several days after Brexit vote is over.
Lawrence's Comment
Recap
The slight weekly bias towards the upside gave cable a boost to Y+3. Then fiscal cliff deal changed everything sending cable back down to Y-2. Closed the week ...
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
What resistance? NQ simply popped higher right from the start of the week and stayed above previous week close. Once Dow and S&P are ready, all 3 indices jumped ...
Lawrence's Comment
Recap
Aussie found support at Y-1 and cleared Y-0 decisively. Y+1 was tagged and pulled back to Y-0 as support. Y+2 target was stopped short at the 0.89 round number. ...
GBPUSD Jun 13 to Jun 17 Outlook
Lawrence’s Comment
Compression within Y-1 / Y-0 initially as expectation. Fake out on both ends as expected too. End of week collapse sent cable down to normal Y-2 downside target. Closed the week near Y-2 and below midpoint.
Outlook
Last week from Brexit and liquidity issue will easily swing cable both ways. Only deep pocket style money management can work if you swing play. Better stay on the sideline or go for a vacation until several days after Brexit vote is over.
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