Trading Edges That Last
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Lawrence's Comment Recap As mentioned last week, Y-0 would be the important support for euro to go higher. Throughout the week, Y-0 acted as support and euro zoomed higher after ...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 MORELawrence's Comment Recap FBO against Y+1 gave us directional drop to Y-1 with Y-0 support breached on first try. Closed the week below Y-0 and midpoint. Outlook Seasonal up drift for Euro ...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 MOREPrecog Vision – Forex 2022-7-28Precog Vision – Forex 2019-10-7EURUSD Aug 06 to Aug 10 OutlookPrecog Vision – Forex 2023-2-8Weekly Cycle Projection (GBPUSD) 2018-02-12S&P 500 Jan 21 to Jan 25 OutlookEURUSD Dec 21 to Dec 25 OutlookPrecog Vision – Forex 2019-10-73DP Odds Table (GBPUSD) 2017-10-05Intraday Cycle Projection (GBPUSD) 2011-06-20
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GBPUSD Sep 09 to Sep 13 Outlook
Lawrence’s Comment
Cable zoomed back up and held my support zone. That gave us a go for the Y+1 and above play. Cable zoomed higher later in the week. Closed the week above Y+1 and midpoint.
Outlook
Price actions last week having spikes everywhere usually happens before a significant run is about to emerge. Any price shock, no matter news driven or not, that breach B+2 or B-2, will be a sign that the breakout is in place and it will not be a good idea to counter the move.
If the market behaves normally next week, cable should be range bounded between Y+2 and B-0.
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