Trading Edges That Last
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Lawrence's Comment Recap Did not even test Y+1 and dropped back down to Y-1 as expected. Wild 2-way swings as mentioned last week. ES could not find support since Y-1 was broken. ...READ MOREGBPUSD Dec 19 to Dec 23 Outlook3DP Odds Table (GBPUSD) 2020-07-07Nasdaq 100 Aug 13 to Aug 17 OutlookDow 30 Mar 30 to Apr 03 OutlookPrecog Vision – Forex 2013-9-193DP Odds Table (GBPUSD) 2020-10-16Intraday Cycle Projection (GBPUSD) 2018-06-11Weekly Cycle Projection (GBPUSD) 2017-07-03S&P 500 Sep 15 to Sep 19 Outlook3DP Odds Table (GBPUSD) 2016-10-31
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GBPUSD May 14 to May 18 Outlook
Lawrence’s Comment
News from Europe created a new wave of sell pressure across European currencies against US dollar. Cable was forced to break Y-1 leading to a flush to Y-2. Closed the week at its low and Y-2.
Outlook
Tricky juncture. Potential long term top in the making if Y+1 ended up being retested and rejected in a few weeks.
Next week, as long as B-1 can act as support, a run back up to B+1 is likely.
If cable flush below B-2 early in the week, B-0 will turn into strong resistance zone.
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