Trading Edges That Last
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Lawrence's Comment Recap Consolidation with pullback to target mentioned last week. No real action until end of week tension increased between US and Russia. Closed the week near Y+1 and B+1. Outlook Above B+1 ...READ MOREPrecog Vision – Forex 2016-7-83DP Odds Table (GBPUSD) 2017-10-31USDCAD Sep 12 to Sep 16 OutlookPrecog Vision – Forex 2014-9-16Nasdaq 100 Mar 20 to Mar 24 OutlookIntraday Cycle Projection (GBPUSD) 2015-10-28Precog Vision – Forex 2013-2-12EURUSD May 20 to May 24 OutlookIntraday Cycle Projection (GBPUSD) 2018-03-14AUDUSD Apr 07 to Apr 11 Outlook
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GBPUSD May 26 to May 30 Outlook
Lawrence’s Comment
Opened holding above the resistance mentioned last week. Cable has no choice but squeezed back up to Y+1. Rejected by Y+1, sending it back down to Y-0 again. Closed the week near Y-0 and below midpoint.
Outlook
Y+1 rejected decisively creating a strong resistance from Y-0 to B-0. Continuation selloff points to B-3 in play as long as B-0 can cap any bounce.
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