Trading Edges That Last
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Recap of last week As expected, rally in USDJPY continued last week. It failed to tag previous month high, however, making it difficult to tell if it is more ...READ MOREGBPUSD Jul 05 to Jul 09 OutlookIntraday Cycle Projection (GBPUSD) 2021-08-103DP Odds Table (GBPUSD) 2022-02-04Precog Vision – Forex 2016-12-12Precog Vision – Forex 2014-11-12Hot n Cold (GBPUSD) 2011-8-4USDJPY Week of Nov 22nd to 26th OutlookGBPUSD Jan 09 to Jan 13 OutlookIntraday Cycle Projection (GBPUSD) 2020-12-11Intraday Cycle Projection (GBPUSD) 2020-12-08
As Featured In
GBPUSD Jul 02 to Jul 06 Outlook
Lawrence’s Comment
Drifted near B-1 as mentioned last week. That led to a flush below Y-1. Yet news shock from euro zone changed its course and forced a reversal back up to above Y-0. Stopped finally when 100% range of last week is reached. Closed at the week high.
Outlook
A short term bottom is forced in place. It does not matter how it is done. As long as B-0 acts as support, looking for cable to go higher with B+2 as first target.
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