Trading Edges That Last
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Lawrence's Comment Recap Easy one of the week. Beautiful bull flag / channel break as expected. Went straight for November high. Closed the week above Y+1 and near week high. Outlook Wide ...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 2017-10-123DP Odds Table (GBPUSD) 2022-03-093DP Odds Table (GBPUSD) 2014-04-183DP Odds Table (GBPUSD) 2018-09-07Nasdaq 100 Oct 10 to Oct 14 OutlookUSDCAD Dec 01 to Dec 05 Outlook3DP Odds Table (GBPUSD) 2019-09-04EURUSD Jan 25 to Jan 29 OutlookPrecog Vision – Forex 2012-3-23DP Odds Table (GBPUSD) 2018-03-13
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GBPUSD Aug 11 to Aug 15 Outlook
Lawrence’s Comment
Weak pullback not even touching Y-0 ended with another drop to Y-1. Eventually Y-1 was cleared giving us equal distance from previous week close. Closed the week below Y-1 and at week low.
Outlook
Consolidation action with weak close is bearish. More down side is expected. A quick flush to B-2 early next week can produce a temporary support for a bounce back up to B+1 / Y-0.
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