Trading Edges That Last
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Lawrence's Comment Recap No drastic move last week. 2nd week of pullback from the multiple week rally. Closed the week below Y-1 and midpoint. Outlook Still moving within the context of consolidation / pullback ...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 MORE3DP Odds Table (GBPUSD) 2022-08-243DP Odds Table (GBPUSD) 2012-05-02Precog Vision – Forex 2013-4-8Precog Vision – Forex 2015-4-203DP Odds Table (GBPUSD) 2023-04-19Precog Vision – Forex 2017-4-26Dow 30 Mar 14 to Mar 18 OutlookAUDUSD Mar 03 to Mar 07 OutlookPrecog Vision – Forex 2013-10-18Intraday Cycle Projection (GBPUSD) 2021-09-07
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GBPUSD Aug 17 to Aug 21 Outlook
Lawrence’s Comment
FBO against previous support confirmed early in the week, opening the door to Y+1 and above. Cable held Y-0 and move higher to Y+1 as expected. Closed the week near Y+1 and week high.
Outlook
Cable back into the range established over the past few weeks. The FBO setup points to more upside to challenge the top boundary over the past few weeks. A breakout above that will lead to a zoom up to at least B+2.
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