Trading Edges That Last
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Lawrence's Comment Recap Previous week close support helped NQ pushing higher. 100% absolute range expansion completed. Closed the week above Y+2 and midpoint. Outlook NQ has been climbing higher with weakening breadth ...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 2016-2-12GBPUSD Jan 10 to Jan 14 OutlookPrecog Vision – Forex 2012-2-8Precog Vision – Forex 2013-2-25Nasdaq 100 Aug 01 to Aug 05 OutlookS&P 500 Jan 29 to Feb 02 Outlook3DP Odds Table (GBPUSD) 2011-04-14Intraday Cycle Projection (GBPUSD) 2021-09-133DP Odds Table (GBPUSD) 2012-11-27Precog Vision – Forex 2023-2-9
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GBPUSD Nov 19 to Nov 23 Outlook
Lawrence’s Comment
Pure drifting weaknesses. Y-1 acted as resistance yet cable did not drop to Y-2, just drift slowly towards it. Late reversal attempt failed to push cable to close above Y-1. Closed the week above midpoint near Y-1.
Outlook
Potential bottom in the making. Like to see clean breakout above B+1 and that the zone B-0 to B+1 turning into support for swing long.
Failing to breakout above B+1 points to further weaknesses.
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