Trading Edges That Last
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Lawrence's Comment Recap Euro shot higher as expected to the target zone after going sideway earlier in the week. Closed above Y+1 and midpoint. Outlook Euro finally entered its longer term reisstance zone and ...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 MOREPrecog Vision – Forex 2016-8-26S&P 500 Dec 12 to Dec 16 Outlook3DP Odds Table (GBPUSD) 2023-05-02Hot n Cold (GBPUSD) 2015-11-13EURUSD Mar 21 to Mar 25 OutlookIntraday Cycle Projection (GBPUSD) 2012-05-023DP Odds Table (GBPUSD) 2017-09-21Precog Vision – Forex 2021-2-223DP Odds Table (GBPUSD) 2016-06-093DP Odds Table (GBPUSD) 2017-05-16
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GBPUSD Feb 22 to Feb 26 Outlook
Lawrence’s Comment
Breakout play after Y-0 failed to hold gave us Y-2. Bounced back up to crime scene above and consolidated since. Closed below Y-0 and near midpoint.
Outlook
The date is now set on UK’s EU membership referendum. This will make trading Cable more difficult as polls released regularly will affect the short term swings. That being said, Y-0 / B-0 resistance breakingn below Y-1 will give us a drop to Y-3. Potential down channel in the making on 4 hours.
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