Trading Edges That Last
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Lawrence's Comment Recap A short squeeze from the bear flag as expected. Cable rushed to Y+3 before it stopped. Such move has no staying power and led to quick drop back down ...READ MORELawrence's Comment Recap Consolidation actions between Y-0 and Y+1. Ledge breakout upside gave us 100% of tight range. Closed the week above Y+1 and midpoint. Outlook Rising wedge with support at B-0. ...READ MORERecap of last week 4 trading days, 3 gaps. Most people would assume it is light volume trading thus the market was directionless and choppy. That was not true. ...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 MOREGBPUSD Sep 22 to Sep 26 OutlookUSDJPY May 23 to May 27 OutlookS&P 500 Week of Nov 29th to Dec3DP Odds Table (GBPUSD) 2019-01-16Dow 30 Oct 10 to Oct 14 OutlookIntraday Cycle Projection (GBPUSD) 2011-07-19Nasdaq 100 Aug 31 to Sep 04 Outlook3DP Odds Table (GBPUSD) 2015-12-25Precog Vision – Forex 2023-1-18Nasdaq 100 Oct 01 to Oct 05 Outlook
As Featured In
GBPUSD Feb 23 to Feb 27 Outlook
Lawrence’s Comment
Nothing happened to Euro, so cable stayed there in consolidation. Y+1 resistance sent cable back down to Y-0 and then it took off to new high. Equal distance from previous week close capped the upside move. Closed the week above Y-0 and near midpoint.
Outlook
Consolidation with Y-0 defended implies strength. Another push to retest B+1 is likely. B-1 support if breached will send cable back down to B-2.
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