Trading Edges That Last
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Lawrence's Comment Recap Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. ...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 MORELawrence's Comment Recap First test of Y-1 led to pullback to Y-0. Y-0 held very well and gave us Y+2. Then euro zone news shock sending the pair all the ...READ MORELawrence's Comment Recap Euro traded above Y-0, yet failed to hold above it leading to a flush straight down to Y-2 target. Closed the week below Y-1 and midpoint. Outlook The drop ...READ MOREIntraday Cycle Projection (GBPUSD) 2021-11-053DP Odds Table (GBPUSD) 2020-12-013DP Odds Table (GBPUSD) 2019-01-03Precog Vision – Forex 2017-2-21GBPUSD Dec 01 to Dec 05 OutlookPrecog Vision – Forex 2018-5-4Precog Vision – Forex 2014-4-2USDCAD Jul 02 to Jul 06 OutlookEURUSD Nov 03 to Nov 07 OutlookIntraday Cycle Projection (GBPUSD) 2014-10-27
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GBPUSD Jul 01 to Jul 05 Outlook
Lawrence’s Comment
Stayed weak and sold off down to Y-2 my downside target. Closed the week near week low and above Y-2.
Outlook
Slow structured selling do not last but it is not the time to pick bottom yet.
until Cable snap out of the down channel first, it is easy for the pair to continue the move down to B-2 / Y-3.
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