Trading Edges That Last
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Lawrence's Comment Recap Bounced off Y-1 area in the beginning of the week but failed to clear Y-0. Dropped to below Y-1. As expected Japnese government intervened. Closed the week at week ...READ MORELawrence's Comment Recap Tight range choppy mess as expected and the projected move to near 120 happened twice. Closed the week above Y+1 and midpoint. Outlook The BOJ intention is clear, they ...READ MORELawrence's Comment Recap A wash week as I told my premium members with last 2 days of the year likely bearish wiping out the gains. Closed the week above Y-0 and near ...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 MORERecap of Last Week Tight range due to absolute expansion from prior week tagging range of first week of the month/year. Closed the week below midpoint and also prior ...READ MORELawrence's Comment Recap Y-0 resistance sent ES lower. Attempt to hold above Y-1 failed and resulting in a gap down that sparked a flush to Y-2 downside target. Strong reversal from there ...READ MOREUSDJPY Jun 03 to Jun 07 OutlookUSDJPY Mar 02 to Mar 06 OutlookS&P 500 Apr 09 to Apr 13 Outlook3DP Odds Table (GBPUSD) 2016-07-20S&P 500 Jan 04 to Jan 08 OutlookIntraday Cycle Projection (GBPUSD) 2012-06-27Precog Vision – Forex 2013-1-30EURUSD Jan 31th to Feb 4th Outlook3DP Odds Table (GBPUSD) 2011-06-06S&P 500 Jan 25 to Jan 29 Outlook
As Featured In
GBPUSD Feb 01 to Feb 05 Outlook
Lawrence’s Comment
Cable found support at Y-0 for a test of Y+1. Y+1 resistance on first try and sent cable back down to Y-0. Second attempt at Y+1 led to FBO and sent cable back down to week low. Closed the week near Y-0 and below midpoint.
Outlook
Reversal attempt on daily level failed. 4 Hour up channel / bear flag last week points to retest of Y-1 in the making. As long as B-0 / Y-0 zone acting as resistance B-2 in play.
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