Trading Edges That Last
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Lawrence's Comment Recap Aussie rising wedge turned into a thin up channel leaning on Y-0 support. Normal upside target Y+2 tagged. Closed the week above Y-0 and below midpoint. Outlook Potential break ...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) 2013-12-163DP Odds Table (GBPUSD) 2012-06-153DP Odds Table (GBPUSD) 2019-07-29Intraday Cycle Projection (GBPUSD) 2013-09-25Precog Vision – Forex 2019-6-63DP Odds Table (GBPUSD) 2012-02-22Precog Vision – Forex 2020-10-29AUDUSD Aug 15 to Aug 19 OutlookPrecog Vision – Forex 2014-6-6AUDUSD Mar 13 to Mar 17 Outlook
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GBPUSD Dec 21 to Dec 25 Outlook
Lawrence’s Comment
Picture perfect seasonal shift from bullish to bearish mode. Previous week close resistance sent Cable straight down to Y-1 from break of the rising wedge that spanned 2 weeks. Closed the week below Y-1 and near week low.
Outlook
Seasonal weaknesses will continue til the end of the year.
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