Recap Further pullback happened but Y-1 was not tagged. This gives cable the strength to clear Y-0 and gun for Y+1 and above. Closed the week above Y+1 and midpoint.
Outlook Stop run does not last. B+1 resistance will send this back down to B-0 / Y-0. Failing to close above support zone points to FBO on weekly in the making.
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
Consolidated above Y-1 and drifted higher slowly. Then the pair exploded to the upside, clearing B+1 my breakout level. Almost tagged B+3 target before pulling back. Closed the week ...
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
The FBO short play worked out perfectly with Y-1 tagged by the end of the week. Y-0 acted as resistance all week. Closed the week near Y-1 and week ...
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 Sep 05 to Sep 09 Outlook
Lawrence’s Comment
Further pullback happened but Y-1 was not tagged. This gives cable the strength to clear Y-0 and gun for Y+1 and above. Closed the week above Y+1 and midpoint.
Outlook
Stop run does not last. B+1 resistance will send this back down to B-0 / Y-0. Failing to close above support zone points to FBO on weekly in the making.
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