Trading Edges That Last
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Lawrence's Comment Recap Consolidated above Y+1 as expected. Held the support mentioned last week. Rallied to new high by end of the week. Easy week indeed. Closed the week near week high ...READ MORELawrence's Comment Recap As expected Y-1 failed to hold as support and another new low was made last week. Closed the week below Y-1 and midpoint. Outlook Weaknesses persisted but range has ...READ MOREUSDJPY May 20 to May 24 Outlook3DP Odds Table (GBPUSD) 2012-07-12Intraday Cycle Projection (GBPUSD) 2011-08-12Intraday Cycle Projection (GBPUSD) 2017-06-08USDJPY Mar 07 to Mar 11 OutlookIntraday Cycle Projection (GBPUSD) 2017-04-19USDJPY Dec 31 to Jan 04 OutlookUSDCAD Aug 20 to Aug 24 Outlook3DP Odds Table (GBPUSD) 2020-04-273DP Odds Table (GBPUSD) 2021-02-16
As Featured In
GBPUSD Jun 16 to Jun 20 Outlook
Lawrence’s Comment
Weaknesses early in the week is consistent with expectation. Then the test of Y+1 happened and cleared quickly leading to the Y+3 target. Closed the week near Y+3 and week high.
Outlook
The breakout play was a bit of a surprise to many thus the squeeze like nature of the move. Consolidation at reduced range is expected.
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