Trading Edges That Last
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Lawrence's Comment Recap As expected euro just cannot gather enough support to hold up. Dropped to Y-2 and jawboning from ECB only created a pop that lasted several hours. Closed the 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 MORELawrence's Comment Recap As mentioned last week, it would be a difficult ride down. Monday broken down only resulted in an all out squeeze back up in last hour. Then ...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 I got this pair wrong last week as I overestimated its strength. Right off the start of the week, Aussie immediately snapped back down to where it was supposed ...READ MOREUSDCAD Nov 01 to Nov 05 OutlookEURUSD Dec 08 to Dec 12 OutlookHot n Cold (GBPUSD) 2011-12-9Precog Vision – Forex 2018-12-19Dow 30 Oct 29 to Nov 02 OutlookPrecog Vision – Forex 2020-12-18Intraday Cycle Projection (GBPUSD) 2014-04-01GBPUSD Nov 19 to Nov 23 OutlookIntraday Cycle Projection (GBPUSD) 2022-07-29AUDUSD Apr 22 to Apr 26 Outlook
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GBPUSD Jul 07 to Jul 11 Outlook
Lawrence’s Comment
Another easy play last week. Cable broke out to the upside. Traded above Y+3 as expected. Consolidation around Y+3 since. Closed the week near Y+3 and above midpoint.
Outlook
The breakout run has used up its fuel on daily basis. There is still some room to go next week but it will be difficult to go much higher until we see pullback actions.
Consolidation within B+1 and B-0 is normal. A pullback to Y+1 slowly is also normal.
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