Trading Edges That Last
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Lawrence's Comment Recap Tried to hold Y-0 and failed. Flushed down to Y-1 and found support. Bounced back up above Y-0 and stuck there since. Closed the week above Y-0 and midpoint. Outlook Y-1 ...READ MORE3DP Odds Table (GBPUSD) 2018-03-20Precog Vision – Forex 2014-11-63DP Odds Table (GBPUSD) 2015-06-03Precog Vision – Forex 2023-5-2Precog Vision – Forex 2017-7-20Intraday Cycle Projection (GBPUSD) 2013-01-24GBPUSD Dec 28 to Jan 01 OutlookPrecog Vision – Forex 2011-8-24USDJPY Sep 02 to Sep 06 Outlook3DP Odds Table (GBPUSD) 2017-01-04
As Featured In
GBPUSD Oct 27 to Oct 31 Outlook
Lawrence’s Comment
As mentioned last week cable was not strong enough to produce a bullish close hence it has to deal with a pullback first. We got the pullback after the rising wedge was broken to the down side. Y-0 tagged and acted as support. Closed the week above Y-0 and near midpoint.
Outlook
Another week attempting to pusher higher yet failed to produce a strong close. This is a clear sign of weakness. Until Y+1 / B-0 turning into support, cable will likely be forced into dumping below B-1.
Should the weekly down trend resumes, B-3 is the next down side target.
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