Recap The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
Lawrence's Comment
Recap
Y-1 failed to hold up the pair. Y-0 was not even challenged from below. Closed the week, however, above Y-1.
Outlook
Opened the door to test Y-2 below. Breaking ...
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 Mar 03 to Mar 07 Outlook
Lawrence’s Comment
The easy play of the week. Cable dropped below Y-1 and snap back up immediately gave us the long setup. Steady up drift. Closed the week above Y-0 and midpoint.
Outlook
Not the strongest rally one would like to see. Now that war is throw into the mix. It will be difficult to get a follow through from here.
Looking for sideway actions until the war in Ukraine is over.
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