Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y+1 acted as resistance, and the less likely scenario worked out perfectly. Free ride from above Y-0 down to Y-1. Closed the week below Y-1. Outlook Tagging Y-2 early in ...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 MORELawrence's Comment Recap Consolidated around Y+1. Mildly bullish as expected. Closed the week above Y+1 and midpoint. Outlook Need the pair to tag B+2 soon and holding above 0.98 to stay bullish. On ...READ MOREGBPUSD May 09 to May 13 OutlookPrecog Vision – Forex 2011-7-133DP Odds Table (GBPUSD) 2021-07-19Nasdaq 100 Mar 12 to Mar 16 OutlookEURUSD Mar 28 to Apr 01 OutlookUSDCAD Oct 01 to Oct 05 OutlookIntraday Cycle Projection (GBPUSD) 2020-04-03Hot n Cold (GBPUSD) 2012-7-103DP Odds Table (GBPUSD) 2023-01-02Dow 30 Sep 12 to Sep 16 Outlook
As Featured In
GBPUSD Dec 17 to Dec 21 Outlook
Lawrence’s Comment
What resistance? Y-0 did not even give cable a pause when it shot up from previous week close. That opened the door to Y+1. Cleared Y+1 midweek. Pullback to midpoint and continue to match higher. Closed above Y+1 and near week high.
Outlook
1.61 resistance cleared and is now support. Until 1.61 turning into resistance, will not be interested in the short side at all.
Coming 2 weeks are holiday week and year end. Light volume is consolidation likely.
Share