Trading Edges That Last
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Lawrence's Comment Recap Upside breakout. Clean sail to Y+3 normal breakout target. Did not stop there at all. Finished the run after tagged Y+5. Closed the week above Y+4 and midpoint. ...READ MORELawrence's Comment Recap As expected, even after breaking Y-1 euro refused to go lower quickly. slow choppy action down to near Y-2. Closed the week near Y-2 and week low. Outlook 1.33 target still ...READ MORELawrence's Comment Recap Previous week close support sent Aussie straight up to Y+2. Mild pullback and then reacted wildly to FOMC announcement. Closed the week near Y+2 and above midpoint. ...READ MORELawrence's Comment Recap Up drift all week back to the crime screne after previous week close defended. Closed the week above Y-0 and midpoint. Outlook Inside week like the other majors. Bear ...READ MORELawrence's Comment Recap Euro drifted lower and consolidated around Y-1. As euro dropped lower, European officials came out b.s. all the way to keep the currency stable again. Closed the week at ...READ MORELawrence's Comment Recap Upside target tagged right at the start of the week. Turned into FBO and dropped back down to Y-0. Found support there and eventually rallied back up to clear ...READ MOREAUDUSD Jan 25 to Jan 29 Outlook3DP Odds Table (GBPUSD) 2013-11-20USDJPY Aug 25 to Aug 29 OutlookEURUSD Jul 28 to Aug 01 Outlook3DP Odds Table (GBPUSD) 2011-10-04AUDUSD Sep 21 to Sep 25 OutlookUSDJPY Mar 28 to Apr 01 OutlookEURUSD Sep 09 to Sep 13 OutlookNasdaq 100 Apr 01 to Apr 05 OutlookIntraday Cycle Projection (GBPUSD) 2012-06-13
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GBPUSD Aug 08 to Aug 12 Outlook
Lawrence’s Comment
Spike and ledge setup trigger by FBO against Y+1 first, giving way to Y-1. Closed the week near Y-1 and week low.
Outlook
If last week is the 2nd leg of a measured move, Y-2 target below is still in play. If it is a complex spike and ledge breakdown, we get Y-4.
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