Trading Edges That Last
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Lawrence's Comment Recap Compression all week simply swinging around Y-0. Closed the week above Y-0 and midpoint. Outlook Inside week with tight range gives us breakout mode. Clearing the 3 week upper ...READ MORELawrence's Comment Recap Expected to see lower price and we got that. It turned into a FBO against Y-1 which triggered the Y+1 target. Y+1 only offered a pause. Closed the week ...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 MOREUSDJPY May 13 to May 17 OutlookIntraday Cycle Projection (GBPUSD) 2014-05-13Intraday Cycle Projection (GBPUSD) 2021-12-273DP Odds Table (GBPUSD) 2022-10-19USDJPY Dec 25 to Dec 29 OutlookPrecog Vision – Forex 2018-4-263DP Odds Table (GBPUSD) 2018-06-20USDCAD Sep 14 to Sep 18 OutlookUSDCAD Oct 28 to Nov 01 OutlookPrecog Vision – Forex 2014-11-11
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GBPUSD Nov 18 to Nov 22 Outlook
Lawrence’s Comment
Got the expected selloff to Y-1 early in the week. Instead of staying below Y-1, Cable immediately fended off the selling by forming a 1-2-3 buy there. The FBO against Y-1 gave us a go for Y+1. Got that by the end of the week too. Closed the week near Y+1 and week high.
Outlook
Outside week with close right at the boundary Y+1. It is a bullish reversal without confirmation. Cable may have to retest Y-0 / B-0 to prove its strength before it can push higher from here.
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