Trading Edges That Last
- You May Also Like
Lawrence's Comment Recap Y-1 acted as support and forced a run back up to Y+1. Strong reaction there gave us a drop back down. Closed the week below Y-0 and midpoint. Outlook Outside week, ...READ MORELawrence's Comment Recap Y-1 support earlier in the week led to stop run back up to Y+1. Brexit spike reversal gave us the Y-3 breakout target. Closed the week near Y-2 and ...READ MORELawrence's Comment Recap As expected we got a pullback and support was found above Y-0. Gave us a push to above Y+1. Closed the week above Y+1 and near week ...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 MORE3DP Odds Table (GBPUSD) 2019-04-04USDCAD May 26 to May 30 OutlookS&P 500 Oct 15 to Oct 19 OutlookUSDJPY Jun 27 to Jul 01 OutlookIntraday Cycle Projection (GBPUSD) 2022-03-22USDCAD Dec 31 to Jan 04 OutlookUSDCAD Dec 31 to Jan 04 OutlookIntraday Cycle Projection (GBPUSD) 2022-11-10USDCAD Jul 04 to Jul 08 OutlookPrecog Vision – Forex 2011-9-29
As Featured In
GBPUSD Feb 18 to Feb 22 Outlook
Lawrence’s Comment
Cable simply flushed from the start of the week and breached Y-1 in 1 go. That set up the pair to drop down to Y-2 and below. Cable resumed its selloff right after a shallow pullback. Closed the week near week low and below Y-2.
Outlook
The last part of the sell off in last week has been grinding lower with difficulties. Hence we are looking at a short term oversold condition where not too many size players are looking for more downside. This stages a strong rally once we get a long setup off B-1.
Share