Trading Edges That Last
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Lawrence's Comment Recap Aussie rushed to Y+2 and rejected decisively. Dropped back down to Y-0 and bounced. Failed to clear the breakout boundary since. Closed the week near Y-0 and below midpoint. ...READ MORE3DP Odds Table (GBPUSD) 2014-05-29Intraday Cycle Projection (GBPUSD) 2016-05-06Intraday Cycle Projection (GBPUSD) 2017-05-11Precog Vision – Forex 2012-1-13Weekly Cycle Projection (GBPUSD) 2013-09-30AUDUSD Nov 03 to Nov 07 Outlook3DP Odds Table (GBPUSD) 2020-08-03Weekly Cycle Projection (GBPUSD) 2013-02-25USDCAD Jul 11 to Jul 15 OutlookS&P 500 Jun 01 to Jun 05 Outlook
As Featured In
GBPUSD Dec 26 to Dec 30 Outlook
Lawrence’s Comment
Broken above the resistance zone mentioned last week, leading to immediate reversal to normal upside target of Y+2. Stalled from Y+2 and tried to stay above Y+1 but eventually failed. Closed the week below midpoint.
Outlook
The sudden reversal is again euro zone news driven. The weaknesses by end of week indicates Y+1 and above is strong resistance. Consolidation is expected during the last week of the year between Y+1 downto B-1.
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