Recap Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
Lawrence's Comment
Recap
Limited upside done on Monday. Held onto 50% pullback from the swing low 2 weeks prior. Test of Monday high failed and stalled back down to Y-0. Closed the ...
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
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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 Oct 22 to Oct 26 Outlook
Lawrence’s Comment
Like Euro, rallied higher after more b.s. from European officials. Tagged Y+1 but failed to hold above and produced a 1-2-3 sell right there. The FBO led to all out selloff back down. Closed the week at the low and near Y-1.
Outlook
Inside week. Strong rejection of Y+1 and Y-0.
As long as B-0 acting as resistance B-2 is in play.
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