Trading Edges That Last
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Lawrence's Comment Recap Swinged higher. Exceeded upside expectation and consolidated above Y+1. Closed the week near Y+1 and below midpoint. Outlook Did not make it to Y+2 and tight range for the week points ...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 MORE3DP Odds Table (GBPUSD) 2021-02-25Precog Vision – Forex 2017-12-6Intraday Cycle Projection (GBPUSD) 2014-01-06USDJPY Apr 15 to Apr 19 OutlookIntraday Cycle Projection (GBPUSD) 2015-08-05Hot n Cold (GBPUSD) 2017-12-223DP Odds Table (GBPUSD) 2017-01-11Precog Vision – Forex 2014-12-93DP Odds Table (GBPUSD) 2015-07-08Hot n Cold (GBPUSD) 2017-6-16
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GBPUSD Apr 22 to Apr 26 Outlook
Lawrence’s Comment
As expected, cable moved back down to Y-1 first. Sadly, the bounce off Y-1 failed to push cable above the week high and led to one more flush back down to week low. Closed the week at week low and below Y-1.
Outlook
A not very well formed head and shoulder is in place visible in 4-hour chart. A break below B-1 with that turning into resistance points to a drop to at least B-3.
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