Trading Edges That Last
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Lawrence's Comment Recap Aussie slow drift pullback most of the week. Found support at previous year close and took off after NFP report. Closed the week near Y+1 and at week high. Outlook As ...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 MORELawrence's Comment Recap Held Y-0 support, gave us a run to Y+1 as expected. Can't ask for more. Closed the week above Y-0 and midpoint. Outlook Still indecisive whether to push higher or collapse ...READ MORE3DP Odds Table (GBPUSD) 2012-08-22Intraday Cycle Projection (GBPUSD) 2015-07-20GBPUSD Oct 04 to Oct 08 OutlookDow 30 Feb 28 to Mar 04 OutlookPrecog Vision – Forex 2011-12-22AUDUSD Jan 13 to Jan 17 OutlookPrecog Vision – Forex 2020-7-15GBPUSD Apr 21 to Apr 25 OutlookHot n Cold (GBPUSD) 2021-2-5Hot n Cold (GBPUSD) 2012-2-2
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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.
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