Trading Edges That Last
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Lawrence's Comment Recap NQ dropped to Y-2 as expected. Very strong reaction there but not enough to stop the train. Retest of week low led to consolidation at the bottom with another ...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 MOREPrecog Vision – Forex 2018-9-4Intraday Cycle Projection (GBPUSD) 2021-09-07Nasdaq 100 Feb 03 to Feb 07 OutlookUSDCAD Jan 22 to Jan 26 OutlookWeekly Cycle Projection (GBPUSD) 2018-12-24Precog Vision – Forex 2016-8-43DP Odds Table (GBPUSD) 2015-09-21Intraday Cycle Projection (GBPUSD) 2013-02-133DP Odds Table (GBPUSD) 2015-11-30Precog Vision – Forex 2013-4-22
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GBPUSD Jun 25 to Jun 29 Outlook
Lawrence’s Comment
Rallied a bit more to the upside and fulfilled the upside target as mentioned last week. News shock later in the week sent cable back down to Y-0. Closed the week near week low and Y-0.
Outlook
Cable is sitting at the bottom of an upchannel. Depending the timeframe you use, it can be either sitting at the support or already broken and right below that.
Early next week if cable can pop back above B-0, then another leg going higher to above B+1 is likely.
If cable spends a lot of time around B-1 and only drift up to B-0, it is likely the short term uptrend is over and a stronger pullback is due with target at B-2 or lower.
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