Trading Edges That Last
- You May Also LikeFor 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 MORE
Lawrence's Comment Recap Sold off to below 1.30 triggered intervention by spreading rumors and speculative news again. Closed the week below Y-0 and above midpoint. Outlook Below 1.30 is rejected due to ...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 page Trading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREPrecog Vision – Forex 2011-8-24EURUSD Feb 20 to Feb 24 Outlook3DP Odds Table (GBPUSD) 2023-05-02Weekly Cycle Projection (GBPUSD) 2012-12-17Hot n Cold (GBPUSD) 2016-9-16Intraday Cycle Projection (GBPUSD) 2022-11-15Precog Vision – Forex 2017-2-3Precog Vision – Forex 2011-4-123DP Odds Table (GBPUSD) 2015-02-12USDJPY Nov 21 to Nov 25 Outlook
As Featured In
GBPUSD Aug 20 to Aug 24 Outlook
Lawrence’s Comment
Was looking for a breakout and it turned into another tight range week consolidating around Y+1. Closed the week near Y+1 and at midpoint.
Outlook
Potential breakout failure in place as cable failed to close above Y+1. 4 Hour chart turning into a rising wedge / bear flag structure.
Another attempt to breakout upside like a test of B+1 that failed to go higher points to a flush back down to B-3.
That is just a bigger range consolidation within the 2 extremes defined back in end of July to beginning of August. No clear direction yet.
Share