Recap Slow pullback to the support zone as expected. Still my all time favorite!
Outlook For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
Lawrence's Comment
Recap
Upside breakout right from the start of the week. Y-2 tagged and acted as resistance. NQ pulled back to week mid and consolidate. Closed the week around midpoint 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
Lawrence's Comment
Recap
Quiet start for the week followed by FOMC announcement news shock. 100% absolute range expansion reached and stalled. Closed the week at Y+1 and above midpoint.
Outlook
Rally was a result ...
Lawrence's Comment
Recap
Pushed higher early in the week and then pulled back under Y+1. That staged a drop to Y-0. The surprise was that the supposed pullback turned into ...
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 May 07 to May 11 Outlook
Lawrence’s Comment
Slow pullback to the support zone as expected. Still my all time favorite!
Outlook
For normal market condition, you can expect B+1 to be retested this week.
The tricky issue is that French election in progress can, and do, swing euro around. Since euro likes to drag cable with it, monitor cable closely if euro jumps suddenly.
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