Trading Edges That Last
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Recap of last week Did not mention USDCAD in past few weeks because it is in a tight range consolidation. Not much actions with this pair until the end ...READ MORELawrence's Comment Recap First attempt in the week to hold Y-0 and push higher failed resulting in a drop to Y-1 and Y-2. A strong bottom was then formed with euro pushed ...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 pageTrading day for Forex symbols start at around 5 pm ET depending on Daylight Saving Time scheduleREAD MOREUSDCAD Week of Nov 29th to Dec 3rdUSDJPY May 03 to May 07 OutlookWeekly Cycle Projection (GBPUSD) 2020-05-113DP Odds Table (GBPUSD) 2014-09-25EURUSD Aug 11 to Aug 15 OutlookPrecog Vision – Forex 2022-1-27Intraday Cycle Projection (GBPUSD) 2014-07-22Precog Vision – Forex 2022-5-23DP Odds Table (GBPUSD) 2021-12-23Weekly Cycle Projection (GBPUSD) 2021-08-09
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GBPUSD Dec 01 to Dec 05 Outlook
Lawrence’s Comment
Weak upside drift early in the week ended with news shock mid week by ECB taking cable upto Y+2. Y+2 stopped the run and sent cable back below Y+1. FBO against Y+1 sent cable straight down. Closed the week below Y-0 and near week low.
Outlook
As long as Y-0 / B-0 acting as resistance, B-2 and below in play.
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