Recap Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook 2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is 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
Lawrence's Comment
Recap
Bounced back up in tight range around Y-1 is normal after the sudden wide range reversal. Closed the week above Y-1 and midpoint.
Outlook
As long as Y-1 / ...
GBPUSD Oct 15 to Oct 19 Outlook
Lawrence’s Comment
Weaknesses right off the start. Got my target and Y-2 as well in 1 go. Drifted up slowly since then back to Y-1 area. Closed the week above midpoint near Y-1.
Outlook
2nd half of the week is a bear flag. As long as Y-1 area stays as resistance, a retest of B-1 is likely.
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