Trading Edges That Last
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Lawrence's Comment Recap Down trend broken quickly right before the holiday after Y-0 was taken out with ease. That staged a strong push towards Y+2. And fat chance for daytraders ...READ MOREPrecog Vision – Forex 2017-8-113DP Odds Table (GBPUSD) 2012-11-06Precog Vision – Forex 2022-9-1Precog Vision – Forex 2020-12-9Dow 30 Jan 07 to Jan 11 OutlookEURUSD Oct 11 to Oct 15 OutlookWeekly Cycle Projection (GBPUSD) 2012-01-163DP Odds Table (GBPUSD) 2015-12-033DP Odds Table (GBPUSD) 2023-05-023DP Odds Table (GBPUSD) 2014-12-23
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GBPUSD Feb 02 to Feb 06 Outlook
Lawrence’s Comment
Cable held previous week close and started a squeeze back up to Y+1. Y+1 resistance dropped cable back down. Closed the week below Y-0 and midpoint.
Outlook
Ledge like formation on daily points to continuation is more likely than not. The trend was down so expect more downside soon.
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