Trading Edges That Last
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Lawrence's Comment Recap Y-0 acted as resistance, gave us a good run down to Y-2 target mentioned last week. Found support there and bounced back up. Closed the week below Y-1 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 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 MOREIntraday Cycle Projection (GBPUSD) 2017-03-14Precog Vision – Forex 2012-3-12Precog Vision – Forex 2011-7-11Precog Vision – Forex 2013-7-12Precog Vision – Forex 2016-7-21GBPUSD May 27 to May 31 OutlookPrecog Vision – Forex 2018-7-5Precog Vision – Forex 2022-11-283DP Odds Table (GBPUSD) 2021-08-02Intraday Cycle Projection (GBPUSD) 2018-08-31
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GBPUSD Mar 07 to Mar 11 Outlook
Lawrence’s Comment
Rallied back to Y-0 as expected and in fact back up to Y+1 in one swing. Spend the rest of the week consolidating around Y+1.
Outlook
The strength of the pair is clear and a retest of B+1 is very likely early next week. As the first week of March is tight range, if it breaks out to the upside, Y+3 (not shown) target in play.
A w. upthrust against B+1 is a less likely scenario and that will force the pair to move back down to Y-0 to B-1 area.
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