Trading Edges That Last
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Lawrence's Comment Recap Reached downside target first thing in the week. Then rallied to challenge the resistance at B+1. Both downside and upside target prices are tagged. Closed the week at ...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 Consolidation play earlier part of the week with Y-1 support. Later in the week trouble in Yemen led to break down play which doubled the range for the week. ...READ MORE3DP Odds Table (GBPUSD) 2016-07-12Intraday Cycle Projection (GBPUSD) 2015-03-233DP Odds Table (GBPUSD) 2017-11-163DP Odds Table (GBPUSD) 2012-02-10USDCAD Jan 09 to Jan 13 OutlookPrecog Vision – Forex 2019-7-2Precog Vision – Forex 2018-2-22Dow 30 Sep 17 to Sep 21 Outlook3DP Odds Table (GBPUSD) 2018-01-31USDJPY Mar 30 to Apr 03 Outlook
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GBPUSD Dec 22 to Dec 26 Outlook
Lawrence’s Comment
Cable dropped to Y-0 and bounced. Breached Y+1 but failed to hold above. That sent cable down to Y-1 in 1 go. Bounced from Y-1 but no longer able to clear Y-0. Closed the week below Y-0 and midpoint.
Outlook
Cable definitely trying to hold its ground at Y-1 / B-1 area even though it is not strong enough yet to break the weekly down trend. Going into holiday weeks consolidation in tight range is expected.
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