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
Bullish expectation was correct with up drift for a test of Y+1. But the weaknesses in gold put a brake on Aussie all week long. Closed the week at ...
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 24 to Sep 28 Outlook
Lawrence’s Comment
Y-0 never challenged. Cable simply consolidating around Y+1 within 50% absolute range. Closed the week below Y+1 and midpoint.
Outlook
The more interesting scenario is that cable breaking below B-1 for confirmed false breakout. That will give us a decent selloff to B-3.
The more likely outcome is the usual slow pullback and/or another popup to challenge the Y+2 area quickly as B-1 acting as support.
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