Trading Edges That Last
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Lawrence's Comment Recap Consolidation as expected. Tight range around previous week close until US NFP came out. Y+2 normal upside target tagged. Closed the week above Y+1 and midpoint. Outlook Daily ledge ...READ MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREFor 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 scheduleREAD MOREHot n Cold (GBPUSD) 2013-1-18USDJPY Jun 08 to Jun 12 OutlookNasdaq 100 Oct 24 to Oct 28 OutlookHot n Cold (GBPUSD) 2021-11-5Precog Vision – Forex 2020-5-27Hot n Cold (GBPUSD) 2016-12-30Precog Vision – Forex 2019-10-7Precog Vision – Forex 2016-7-213DP Odds Table (GBPUSD) 2013-09-10Precog Vision – Forex 2019-10-7
As Featured In
GBPUSD Jul 29 to Aug 02 Outlook
Lawrence’s Comment
Cable popped higher first before pullback gave it a chance to stay above Y+1. That paved the way for cable to tag Y+2. Closed the week above midpoint and Y+1.
Outlook
Tight range week. Rising wedge from the week before last turned into an upchannel. Such structure do not last. A break of B-1 will send cable back down to B-3 and lower easily.
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