Trading Edges That Last
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Lawrence's Comment Recap Formed a bottom early in the week and rallied above Y+1 as expected. Did not quite reach the upside target. Closed the week above Y+1 and at the ...READ MORELawrence's Comment Recap As expected, more upside this week. Held up well in the support zone mentioned last week. Range expansion to Y+2 and stopped there. Outlook As long as B-0 acts as ...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 MOREIntraday Cycle Projection (GBPUSD) 2021-05-20Hot n Cold (GBPUSD) 2022-6-10Intraday Cycle Projection (GBPUSD) 2013-11-18Precog Vision – Forex 2020-3-273DP Odds Table (GBPUSD) 2021-07-19Intraday Cycle Projection (GBPUSD) 2012-12-14GBPUSD Jul 25 to Jul 29 OutlookEURUSD May 02 to May 06 OutlookPrecog Vision – Forex 2014-1-30Intraday Cycle Projection (GBPUSD) 2011-08-24
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GBPUSD Aug 05 to Aug 09 Outlook
Lawrence’s Comment
My favorite pair behaved nicely last week. Sold off as expected and dropped down to almost Y-3 target before it staged the bounce. Closed the week above midpoint and Y-1.
Outlook
Downside target rejected. Closing above Y-1 gives players an excuse to push cable higher to at least Y-0.
No strong bias this week to lean on from chart pattern. No strong stats supporting a move to either Y-0 and Y-2.
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