Trading Edges That Last
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Lawrence's Comment Recap Expected a retest of the support zone below Y-1 but loonie just refused to get there. Popped right off previous week close and back up to Y-0. Then reacted ...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 Spike and ledge from the week before failed to produce a sell off last week. Y-1 acted as support most of the week producing strong bounces back up. Closed ...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 MOREContentReviewEuro Ready For a Steep PullbackS&P at Middle of NowhereGold Reached Minimum Upside TargetBitcoin Killing Time Before Next Move10-Year Note Yield Testing Weekly Trendline SupportBig Picture SummaryReviewEuro tagged the resistance ...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) 2016-07-203DP Odds Table (GBPUSD) 2014-06-20USDCAD Aug 19 to Aug 23 OutlookPrecog Vision – Forex 2020-12-3Dow 30 Jan 13 to Jan 17 OutlookPrecog Vision – Forex 2021-6-16MBO Issue 133 (January 2023) Extreme Volatility AheadIntraday Cycle Projection (GBPUSD) 2014-09-263DP Odds Table (GBPUSD) 2014-10-31Precog Vision – Forex 2023-3-1
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GBPUSD Dec 16 to Dec 20 Outlook
Lawrence’s Comment
Test of Y+1 failed, giving us Y-1 downside target. Reacted to Y-0 but failed to go higher. Y-1 downside target tagged by the end of the week. Closed the week near Y-1 and below midpoint.
Outlook
Outside reversal week with close below Y-1 is a very strong reversal pattern. More downside expected. B-2 / Y-3 in play as long as B-0 continue to act as resistance.
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