Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Quiet start led to an explosive stop hunt late in the week. 200 pips swing to almost Y+2 / 1.39 before it stopped. Closed the week above Y-0 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 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 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 MOREEURUSD Dec 30 to Jan 03 Outlook3DP Odds Table (GBPUSD) 2011-09-09Precog Vision – Forex 2019-5-14Precog Vision – Forex 2023-5-2Precog Vision – Forex 2022-10-4Precog Vision – Forex 2015-3-30Intraday Cycle Projection (GBPUSD) 2021-12-27Intraday Cycle Projection (GBPUSD) 2013-04-19Precog Vision – Forex 2018-3-203DP Odds Table (GBPUSD) 2021-04-15
As Featured In
GBPUSD Mar 12 to Mar 16 Outlook
Lawrence’s Comment
Bounced back up to resistance I mentioned last week. Sold off in 2 legs down to target. Still my favorite pair. Closed at the low of the week.
Outlook
A drop in B-2 is in play. How cable reacts there will determine if cable is following the macro trend of US dollar strengthening play.
A less likely scenario is that cable breaks B-1 to the downside and bounces back up quickly above B-1. That will force the pair back up to B+1 and possibly higher. This scenario requires US dollar weakening across the board to happen.
Share