Trading Edges That Last
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Lawrence's Comment Recap Consolidation actions around Y+1 most part of the week. Jawboning happened by Japanese officials but no impact on the price actions so far. Closed the week above Y-0 and ...READ MORELawrence's Comment Recap Got our consolidation-like range. Upside target of above mid-1830s printed. Closed the week above Y+1 and midpoint. Outlook Seasonal bullish bias used up at this point. No strong directional play until ...READ MORE3DP Odds Table (GBPUSD) 2018-03-02USDJPY Nov 16 to Nov 20 OutlookIntraday Cycle Projection (GBPUSD) 2023-01-273DP Odds Table (GBPUSD) 2018-12-06S&P 500 Dec 30 to Jan 03 OutlookIntraday Cycle Projection (GBPUSD) 2015-01-06Hot n Cold (GBPUSD) 2012-8-3AUDUSD Dec 03 to Dec 07 OutlookEURUSD Nov 28 to Dec 02 OutlookS&P 500 Nov 09 to Nov 13 Outlook
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GBPUSD Jan 13 to Jan 17 Outlook
Lawrence’s Comment
All week bear flag drift up. Tagged resistance at Y-0 before NFP and sold off right after. Wild reaction at Y-1 and erased the drop. Closed the week below Y-0 and above mipoint.
Outlook
Original downside target not reached yet. Bear flag is supposed to be bearish yet cable managed to invalidate the bear flag from the news shock. We need 2nd confirmation from B-0 / B+1 acting as resistance to be sure that the pullback can resume.
Downside target expanded to B-2.
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