Trading Edges That Last
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Lawrence's Comment Recap As expected BOJ did its part and ninja got pushed down to almost Y-2. On pure price action basis, the FBO reaction to Y+1 gave us Y-0 and then ...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 MOREIntraday Cycle Projection (GBPUSD) 2018-03-23Intraday Cycle Projection (GBPUSD) 2023-03-20Precog Vision – Forex 2016-3-15Precog Vision – Forex 2022-9-263DP Odds Table (GBPUSD) 2019-08-15Hot n Cold (GBPUSD) 2012-11-293DP Odds Table (GBPUSD) 2016-06-14Hot n Cold (GBPUSD) 2018-1-5USDJPY Jul 15 to Jul 19 OutlookPrecog Vision – Forex 2019-4-19
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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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