Trading Edges That Last
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Lawrence's Comment Recap As expected monthly breakout is giving us more upside and tagged normal Y+3 target. Closed the week near Y+3 and week high. Outlook New high still likely. Y+4 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 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 As mentioned last week, ninja is showing signs of strength. Cleared Y+1 in one go and tagged Y+2 early in the week. Ninja keep pushing until 150% range expanded ...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 As expected yen is stuck within the same range again once the euro zone crisis was showing some signs of stability in sight. Closed the week around midpoint ...READ MOREUSDCAD Jan 18 to Jan 22 OutlookPrecog Vision – Forex 2015-3-31Intraday Cycle Projection (GBPUSD) 2016-05-31Precog Vision – Forex 2016-5-6Nasdaq 100 Jul 09 to Jul 13 OutlookUSDJPY Jun 09 to Jun 13 OutlookHot n Cold (GBPUSD) 2017-12-8Hot n Cold (GBPUSD) 2023-3-10Precog Vision – Forex 2020-10-1USDJPY Jun 27 to Jul 01 Outlook
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GBPUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed the week above Y+4 and near week high.
Outlook
Last week’s unusual breakout obviously caught many traders on the wrong side. More upside is expected.
Looking for consolidation play around B+1 at 50% range.
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