Recap Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.
Lawrence's Comment
Recap
My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and ...
Lawrence's Comment
Recap
Euro consolidated around Y-1 instead of finding support there. The inability to have at least one clean 1-2-3 off Y-1 was the clue. Closed the week below Y-1 and ...
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
I was expecting something like what happened to Dow and instead got a run like NQ. ES started out the week defending Y+1 and then pushed higher to tag ...
GBPUSD May 02 to May 06 Outlook
Lawrence’s Comment
Upside breakout of Y+1 confirmed the bullish scenario with Y+2 tagged. Consolidation since. Closed the week near Y+2 and above midpoint.
Outlook
Rising wedge potential means a break of the support line will easily send cable back down to B-1. Cable is entering the highest risk time window now as Brexit vote is too close to ignore. Beware of news shock everyday.
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