Trading Edges That Last
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Lawrence's Comment Recap Attempts to breakout above Y+1 failed as Y+1 never turned into support. Consolidation in tight range all week. Closed the week near Y+1 and above midpoint. Outlook Y-0 support ...READ MORELawrence's Comment Recap Popped back up to Y+1 as expected. Closed above Y-0 and near midpoint. Outlook Long term bottom in place so this is part of the long term process of building ...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 MOREHot n Cold (GBPUSD) 2012-2-9AUDUSD Feb 22 to Feb 26 OutlookIntraday Cycle Projection (GBPUSD) 2020-06-08USDJPY Dec 19 to Dec 23 OutlookGBPUSD Aug 15 to Aug 19 OutlookIntraday Cycle Projection (GBPUSD) 2022-04-13Precog Vision – Forex 2016-3-2Precog Vision – Forex 2016-12-233DP Odds Table (GBPUSD) 2011-05-233DP Odds Table (GBPUSD) 2020-07-09
As Featured In
GBPUSD Aug 25 to Aug 29 Outlook
Lawrence’s Comment
Instead of sharp bounce to Y-0 resistance, we got a gap open in the beginning of the week. No strength to challenge Y-0 at all. Continuation selloff sent cable down to target / Y-2. Stuck there since. Closed the week near Y-2 and week low.
Outlook
Important higher timeframe support can produce a bounce back up to B+1. FBO against B-1 that quickly jump back above 1.66 will be the sign.
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