Trading Edges That Last
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Lawrence's Comment Recap As expected, Aussie dropped below B-1. Since then it has consolidated around 50% previous week range. Closed the week below Y-1 and midpoint. Outlook Until Aussie can stage a strong reversal ...READ MOREDow 30 Jun 04 to Jun 08 OutlookIntraday Cycle Projection (GBPUSD) 2011-06-14Precog Vision – Forex 2017-7-18AUDUSD Dec 02 to Dec 06 OutlookIntraday Cycle Projection (GBPUSD) 2017-05-15Intraday Cycle Projection (GBPUSD) 2014-06-263DP Odds Table (GBPUSD) 2021-07-29Weekly Cycle Projection (GBPUSD) 2016-02-08Intraday Cycle Projection (GBPUSD) 2017-02-09Nasdaq 100 May 30 to Jun 03 Outlook
As Featured In
GBPUSD Feb 17 to Feb 21 Outlook
Lawrence’s Comment
Cable never even tested Y-0 and held up around Y+1. When BOE talked, all out breakout happened. Normal Y+3 target tagged but it could not stop the run. Closed the week above Y+4 and near week high.
Outlook
Last week’s unusual breakout obviously caught many traders on the wrong side. More upside is expected.
Looking for consolidation play around B+1 at 50% range.
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