Trading Edges That Last
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Lawrence's Comment Recap Market intervention on high gear. Y-0 cleared, immediate upside target Y+1 tagged and then cleared by force. Only until Y+2 was cleared and that 150% absolute range expansion has ...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 MORELawrence's Comment Recap Waiting for the breakout paid off. Upside breakout tagged the usual Y+3 target and paused there. After NFP price zoomed to Y+4 and stalled. Closed the week above Y+3 ...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 MORELawrence's Comment Recap Bear flag on daily successfully sent Dow up to year high and tagged the channel top. Since then Dow collapsed quickly with no pullback at all. Closed the week ...READ MORES&P 500 Apr 15 to Apr 19 OutlookUSDCAD Nov 27 to Dec 01 Outlook3DP Odds Table (GBPUSD) 2023-05-02Precog Vision – Forex 2013-11-203DP Odds Table (GBPUSD) 2021-05-18USDCAD Jan 13 to Jan 17 OutlookDow 30 May 08 to May 12 OutlookPrecog Vision – Forex 2021-10-26Dow 30 Apr 07 to Apr 11 Outlook3DP Odds Table (GBPUSD) 2016-05-12
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GBPUSD Sep 21 to Sep 25 Outlook
Lawrence’s Comment
Pullback to Y-0 without a test of Y+1. Y-0 support sent cable straight back up to Y+1 and cleared it with ease. Y+1 support helped cable higher to tag Y+2. Closed the week above Y+1 and midpoint.
Outlook
Measured move target Y+2 reached with strong reaction. Cable needs some time to absorb the move. Consolidation around B-0 likely.
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