Recap Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook Thin up channel / up drift back to Y-0 is bearish. Cable may still try to break B+1 to get back to the break down crime scene near Y+2. If violent reactions taking cable back below B+1, a slide back down to Y-1 and below will be likely.
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
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
Breakout play to the upside gave us Y+2 and above. 100% absolute range expansion capped the upside. Closed the week above Y+2 and near week high.
Outlook
No sign ...
GBPUSD Nov 16 to Nov 20 Outlook
Lawrence’s Comment
Found support from Y-1 / previous week close and started an up drift back up to Y-0. Closed the week below Y-0 and above midpoint.
Outlook
Thin up channel / up drift back to Y-0 is bearish. Cable may still try to break B+1 to get back to the break down crime scene near Y+2. If violent reactions taking cable back below B+1, a slide back down to Y-1 and below will be likely.
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